US Credit Card Debt Hits $1.18 Trillion As Americans Downplay What They Owe

American credit card debt has surged to an astronomical $1.18 trillion, with a significant number of individuals reportedly concealing their financial predicaments. Nearly 40% of Americans saddled with credit card debt have been dishonest about their financial situation. The report, based on a survey conducted by LendingTree, discloses that individuals with higher income are more prone to hide their debt.