K-12 Tax & Spending Climate: U.S. Credit Card Debt Closed 2018 at a Record $870 Billion

Alexandre Tanzi:

U.S. credit card debt hit $870 billion — the largest amount ever — as of December 2018, according to the data from the Federal Reserve. Credit card balances rose by $26 billion from the prior quarter. “The increase in credit card balances is consistent with seasonal patterns but marks the first time credit card balances re-touched the 2008 nominal peak,” according to the report.

Related: Madison’s taxpayer supported K-12 school district tax and spending history (currently we spend about $20k/student).