Americans’ credit card debt hit a record $866 billion in the third quarter, up 19 percent from a year earlier, according to the report of the credit agency TransUnion, Report informs.

“We are likely to see continued growth in credit card usage as increased interest rates and inflation continue to put pressure on consumers while employment numbers remain strong,” said Paul Siegfried, senior vice president and credit card business leader at TransUnion.

Per borrower, the average balance has hit $5,474, an increase of 12.7% from last year, Michele Raneri, vice president of US research and consulting at TransUnion, told MarketWatch.