With retailers reporting strong holiday sales, and some consumers saying they turned to plastic to fund those purchases, it looks like 2018 will be the year that credit card debt crosses $1 trillion.
Credit card debt stood at $808 billion on Sept. 30, the end of the third quarter, according to the most recent data from the Federal Reserve Bank of New York. That's $280 billion more than the previous high hit in 2008, at the height of the financial crisis that led to the Great Recession.
Updated numbers for the fourth quarter of 2017, which ended Dec. 31, should be released in mid-February.
U.S. consumers have continued racking up debt. An annual post-holiday survey by MagnifyMoney shows people who used credit cards for holiday purchases charged an average of $1,054, about 5 percent more than last year.
Read more in CNBC.