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Shiraz Jagati

U.S. credit card balances reach $1.33T on May 9, 2026 as savings fall to 4.0%

U.S. consumers owed $1.33 trillion in credit card debt on May 9, 2026, setting a new record alongside a weakening household savings backdrop. In Q1 2026, the personal savings rate was 4.0% and the average APR on revolving card balances was 21.00%, highlighting rising borrowing costs. Bitcoin supporters argue the data point strengthens the case for BTC's fixed supply as an alternative narrative to debt-heavy finance.
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