Forex
globalreutersMay 14, 20241 Mins read
US credit card balances rose 13.1% year-over-year in the first quarter
globalreutersMay 14, 20241 Mins read A New York Fed report is out on household debt:
- Overall debt up 1.1% in Q1
- Q1 mortgage balances rise $190 billion
The New York Fed said maxed out credit card borrowers are facing rising stress.
Yeah, I certainly bet they are. Struggling to pay the bills with a maxed out credit card is the very definition of peak financial stress.
This article was written by Adam Button at www.forexlive.com.
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