According to CoinMeta, and as reported by CBS (CBS), a latest analysis by the non-partisan think tank Urban Institute (Urban Institute) shows that among Americans with a credit record, about 24% are in arrears with medical bills, student loans, car loans, or retail loans. The median amount of these debts is $2,913. In minority communities, this proportion is as high as 30%, with the median debt collection amount being $3,009. Bruno Braga, a senior researcher at the Urban Institute, stated, "The continuous rise in living costs makes it more difficult for people to cover basic living expenses." This year, the Federal Reserve has been raising interest rates repeatedly to curb inflation, which also makes it harder for people to repay their debts. Braga added, "This reflects the current financial situation of Americans." According to the latest data from the Federal Reserve Bank of New York, the total amount of consumer credit card debt has soared to a record high of $1.29 trillion, an increase of nearly 70% compared to five years ago.