return2ozma@lemmy.world to News@lemmy.world · 10 months agoAverage credit card balances jump 10% to a record $6,360, and more consumers fall behind on paymentswww.cnbc.comexternal-linkmessage-square51fedilinkarrow-up1313arrow-down14file-text
arrow-up1309arrow-down1external-linkAverage credit card balances jump 10% to a record $6,360, and more consumers fall behind on paymentswww.cnbc.comreturn2ozma@lemmy.world to News@lemmy.world · 10 months agomessage-square51fedilinkfile-text
minus-squareRivalarrivallinkfedilinkarrow-up13arrow-down1·edit-210 months agohttps://www.cnbc.com/2023/01/10/americans-lean-heavily-on-credit-cards-amid-inflation.html Now, 46% of credit cardholders carry debt from month to month, up from 39% last year, according to a new report by Bankrate. https://www.cnbc.com/2024/02/06/credit-card-delinquencies-surged-in-2023-indicating-financial-stress-new-york-fed-says.html Credit card delinquencies surged more than 50% in 2023 as total consumer debt swelled to $17.5 trillion, the New York Fed reported Tuesday. Liz Ann Sonders has an interesting theory that doesn’t seem to have any factual basis.
https://www.cnbc.com/2023/01/10/americans-lean-heavily-on-credit-cards-amid-inflation.html
https://www.cnbc.com/2024/02/06/credit-card-delinquencies-surged-in-2023-indicating-financial-stress-new-york-fed-says.html
Liz Ann Sonders has an interesting theory that doesn’t seem to have any factual basis.