Americans are progressively charging purchases to credit cards– and letting their balances grow to precariously high levels, according to a brand-new report by

The average home with charge card financial obligation now carries a balance of $7,879, the greatest quantity considering that the Great Economic crisis and just $500 less than the unsustainable tipping point defined by CardHub. Continued growth in balances at this rate could result in rising default rates and a tightening of credit availability. By the end of 2015, total exceptional charge card debt pertained to more than $917 billion.

Related: Here Are 3 Ways to Get Out of Credit Card Financial obligation Now

Part of the spending binge might signal enhanced confidence in the economy and much better monetary prospects, and consumers do generally pay for a part of their charge card debt in the very first quarter when they get income tax return and annual benefits. Still, if credit card debt continues to grow at the existing rate, customers would have to pay down their financial obligations at a record rate in order to avoid rising defaults and tightened credit availability.

“While charge card financial obligation levels are trending considerably upward, charge-off rates stay near historical lows and are, in truth, down on a year-over-year basis,” the report states. “Something plainly has to offer, and it does not seem to be our spending habits.”

In the last quarter of 2015 alone, customers acquired an added $52.4 billion in debt, almost the same quantity addedincluded all of 2014. For eight of the previous 10 quarters, customers have actually racked up more financial obligation than they have actually settled, showing that customers may be returning to bad credit habits that were typical prior to the economic decline.