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Americans Spend Thanksgiving With Billions More Debt Than Last Year

Household debt has increased over the past year by nearly $800 billion to more than $17 trillion.

United statesNew yorkDonghoon leeJoanne hsuFederal reserveFederal reserve bankUniversity of michigan survey consumersLabor departmentNew york fedVanden houtenOxford economicsMichigan surveyMiddle east

Credit Quality Declines as Card Companies Tighten Standards

Last month’s credit card data indicates an ongoing deterioration of credit quality, as the average charge-off rate has climbed above 2019 levels.

United statesNew yorkJohn hechtDonghoon leeFederal reserve bankWolfe research bill carcacheSeeking alphaWolfe researchBill carcacheNew york fedCard use during economic turbulence

Millennials Struggle to Repay Debt as Rates, Balances Spike

Credit card APRs hit new highs, pressuring millennials as the cohort shoulders nearly 50 percent of the national debt.

United statesNew yorkMatt schulzDonghoon leeFederal reserveFederal reserve bankAnnual percentage rateLending treeNew york fed

Credit card DEBT has SOARED, thanks to BIDENFLATION – NaturalNews com

Credit card DEBT has SOARED, thanks to BIDENFLATION – NaturalNews com
naturalnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naturalnews.com Daily Mail and Mail on Sunday newspapers.

United statesNew yorkDonghoon leeTed rossmanJoe bidenHoward dvorkinMike townsendMatt schulzFederal reserve bankAmerican bankers associationConsumer financial protection bureauPresident joe bidenNew york fedQuarterly reportHousehold debtConsumer financial protection

Calculated Risk

A top ranked economics and finance blog with a focus on the housing market

United statesNew yorkSarah martinLas vegasJoel kanDonghoon leeChris freyYork centerUs census bureauBureau of economic analysisConsumer credit panelUs bureau of economic analysisMortgage bankers associationEconomic research advisorCensus bureauFederal reserve bank

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