Credit card spending in the U.S. is up 22.5% compared to pre-pandemic levels. 

The increase is mainly due to inflation and people going out and spending more than they did two years ago. 

General merchandise spending is up 41.8%, home improvements are up 34.5% and health care and social assistance are up 33.1%.  

Credit card balances have remained stable in the state of New York year over year, with the average balance being about $830 per borrower.

Delinquencies have not risen that much, which is a good sign if there is a recession next year. 

No matter how people choose to pay, it is important to stick to a budget. 

Using a credit card to get points or be afforded extra buyer protection may be a better option if people know they can make their payments.