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US credit card debt hits record $1.17 trillion
Americans’ $1 trillion credit-card debt problem is inching in the right direction as inflation eases
Americans are still building up their credit-card balances, but they’re doing a better job paying those bills on time — and it could be sign that inflation’s bite is easing.
Credit card debt surges to another record high, New York Fed data shows
U.S. consumers have more credit card debt than ever before, hitting a fresh record $1.17 trillion last quarter, according to New York Federal Reserve data.
Credit card debt hits record $1.17 trillion, New York Fed research shows
Collectively, Americans owe a record $1.17 trillion on their credit cards, according to a new report from the Federal Reserve Bank of New York. Still, credit card delinquency rates improved in the most recent quarter,
Americans borrowing more than ever as debt level hits record
Americans have racked up record levels of credit card debt, which is up 8 percent from a year ago. Many borrowers have fallen behind in paying their payments. NBC News' Christine Romans reports.
Americans fall further behind on debts, New York Fed finds
The country’s overall debt load reached a new peak of $17.9 trillion, thanks to across-the-board growth in mortgage, auto, credit card, education, and other consumer debt, according to Federal Reserve Bank of New York.
Household debt ticks up to $17.94T in Q3, New York Fed says
The total debt at U.S. households edged up 0.8% Q/Q to $17.94T in Q3. Meanwhile, the aggregate delinquency rate worsened during the quarter, according to data released by the Federal Reserve Bank of New York's Center for Microeconomic Data on Wednesday.
Axios Boston on MSN
24m
AG Campbell wants to ban medical debt from affecting credit scores
Attorney General Andrea Campbell wants Massachusetts to prohibit health care providers from reporting medical debt to credit ...
8h
on MSN
Americans’ debt is growing — but so are incomes
Americans are continuing to pile on debt at record levels — but for many households, those IOUs are completely manageable, ...
19h
on MSN
Household Debt at New Record Is Squeezing Low-Income Americans
US household debt climbed to a fresh high last quarter, with rising incomes leaving many consumers able to manage the burden, ...
37m
He was struggling as debt swallowed his newspaper. His 'immortal' Lincoln MKS saved him.
The fourth-generation owner of a small newspaper in Iowa worked through tough times by thinking of the autoworkers who built ...
Marketplace
13h
Household debt is up, but Americans are in a better spot to pay it
Household
debt
in the U.S. ticked up slightly in the third quarter of 2024, reaching nearly $18 trillion, according to data ...
16h
Red sweep may speed US debt ceiling deal, stoke long-term bond worries
A unified government under Donald Trump may offer investors reprieve from the bruising battles around the U.S. debt ceiling ...
15h
on MSN
Student Loan Debt Relief Has Been A 'Lifeline' For Borrowers, Survey Says
After the COVID-19 payment pause ended, federal student loan borrowers were pushed into payments, and a recent survey found ...
3h
Banks to Pitch Roughly €11 Billion Buyout Debt Deal for Grifols
Banks are getting ready to submit final offers to Brookfield Asset Management for a debt package of about €11 billion ($11.6 ...
Reuters
18h
NY Fed says household debt up in third quarter as rising incomes ease debt burden
NEW YORK, Nov 13 (Reuters) - Rising income levels helped Americans manage their expanding
debt
loads during the third ...
1d
on MSN
With Trump's win, student debt relief is in question. Here's what to know.
President-elect Donald Trump has called the Biden administration's student loan relief efforts a "total catastrophe." ...
1h
on MSN
Germany's debt brake has resulted in huge lack in investment, says founder of think tank Dezernat Zukunft
Glöckner, the founder and managing director of the think tank Dezernat Zukunft, discusses problems with Germany's debt brake ...
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