Sunday, September 15, 2024

9.1% of U.S. credit-card balances turned delinquent over the past year

Certainly concerning!

"The percentage of credit-card balances that turned delinquent over the past year, the highest rate in over a decade, according to an August report from the Federal Reserve Bank of New York. Signs that Americans are struggling to keep up with their bills are setting off alarms on Wall Street."

The Wall Street Journal What's news

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