Economy News Rising Credit Card Debt A Potentially Bad Sign For Economy
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U.S. Credit Card Debt Hits Record Amid A Deepening 'K-Shaped' Economy
U.S. credit card debt hit a record $1.23 trillion, with average balances rising to $6,523 and interest rates near 20%. TransUnion data shows a widening split between superprime and subprime borrowers ... Read More
Americans’ Credit Card Debt Hits Record $1.23 Trillion as Economic Divide Widens
Americans’ credit card balances surged to an all-time high of $1.23 trillion in the third quarter, rising $24 billion from the previous period. Read More
Uh-oh: Credit-card spending falls again. Consumers aren't confident in the economy.
Americans aren't pulling out their credit cards as much as they were last year. Americans cut back on the use of credit cards in August in another sign of caution, as households grapple with stubborn ... Read More
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