US Credit Card Debts Rise, More Americans Become Delinquent: NY Fed
By Naveen Athrappully Credit card debts and delinquency rates among Americans increased in the first quarter of 2024, with newly delinquent individuals having a high median credit card utilization rate of 90 percent. Household credit card debt in the United States rose by $129 billion over the past year, reaching $1.15 trillion as of Q1 2024, according to the latest data from the Federal…
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