Credit Card Debt Hits Record $1 Trillion, But Strong Economy Helps Americans Manage

Americans have over $1 trillion in credit card debt, a record high, but it's still manageable given strong job market and wages.

Inflation-adjusted credit card debt is 20% below 2008 peak; many borrowers pay balances in full.

Job market remains solid with 353,000 jobs added in January and layoffs not picking up.

Soaring stocks have boosted retirement accounts; credit fuels big-ticket spending.

Challenges persist from high inflation, low housing affordability, and high interest rates.