US credit-card debt hits record $1.33 trillion

Credit-card debt topped $1.33 trillion by May 9, an all-time high, with average APR climbing to 21%. Personal savings rate fell to 4.0%; young debtors aged 18–29 show 90-day delinquency rates triple those of 60–69-year-olds. The New York Fed noted non-housing delinquencies are plateauing.