00:00Americans' credit card balances surged to an all-time high of $1.23 trillion in the third quarter,
00:07rising $24 billion from the previous period.
00:10The average balance per consumer reached $6,523,
00:15highlighting how many households are struggling with higher borrowing costs.
00:19Experts say the data reveals a K-shaped economy,
00:23where wealthier consumers remain resilient,
00:25while lower-income borrowers face mounting debt pressures.
00:28With more Americans now falling into either superprime or subprime credit tiers,
00:34the nation's financial divide continues to deepen.
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