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globalreutersNovember 13, 20241 Mins read
New York Fed: Credit card balances 8.1% higher than a year ago
globalreutersNovember 13, 20241 Mins read - 3.5% of debt in some kind of delinquency in Q3 vs 3.2% in Q2
- Growth in incomes has outstripped growth in debt
- Data suggests rising debt burdens are manageable
- Total Q3 aggregate debt up 0.8% vs Q2 to $17.94 trillion
There is some deterioration here but it’s so slow that it’s hardly a factor for markets or the Fed.
This article was written by Adam Button at www.forexlive.com.
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