Economy News Rising Credit Card Debt A Potentially Bad Sign For Economy
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Record credit card debt, rising prices cloud holiday shoppers' minds
With Thanksgiving over, many Americans will begin shopping for the holiday season in earnest. However, many are also starting with a good amount of debt - and concern about rising prices. The New York ... Read More
Your mortgage and credit card rates face pressure as national debt soars
Federal debt now exceeds $38 trillion with interest payments becoming major government expenditures. Economic analysts say rising debt levels typically result in slower wage growth and reduced ... Read More
Credit Card And BNPL Lenders Paint A Brighter-Than-Expected Picture Of The Economy
Major credit card issuers report stable credit health despite economic challenges. Read here for more insights and analysis. Read More
Credit card debt hits $1.2T and shows no signs of stopping
There's no sign that credit card debt will meaningfully reduce any time soon. Rising credit card debt signals that more Americans are relying on borrowing to cover everyday expenses. That strain can ... Read More
U.S. Economy: The Scary Part Of Rising Loan Delinquencies
Rising loan delinquencies may impact markets despite strong spending by top earners. Here's what investors need to keep in mind. 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
U.S. debt tops $38 trillion for the first time, worsened by government shutdown
The U.S. gross national debt has surpassed $38 trillion for the first time, U.S. Treasury Department data shows. The country's mounting debt comes as the government remains closed, disrupting the ... Read More
1Ray Dalio Warns Of Looming Squeeze: Government Debt Is 'Like Plaque In The...
"When debt and debt service rise relative to your income, it’s like plaque in the arteries that then begins to squeeze out the spending," Dalio stated. He explained that as governments are forced to ... Read More
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