Key Takeaways:

• Consumers with credit card debt outspent their non-debt peers since April 2022
• More households have credit card debt than one year ago and they’re spending more
• High and middle income households with debt saw most outspending; lower income debt household outspending has narrowed
• Outspending was most pronounced at non-discretionary retailers like Convenience Stores, Gas Stations, Dollar Stores, and Big Box Retailers
• The average interest payment on credit card debt in the data grew ~30% from ~$46/month throughout ‘20 and ‘21, to a high of $59.58 in November

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