Rising credit card delinquency seen as tied to climbing interest rates
Rising credit card delinquency seen as tied to climbing interest rates
U.S. household debt hit a record $13.2 trillion in the first quarter of 2018, but Americans seem to be handling it okay. Consumer debt levels are stabilizing, according to The New York Fed’s quarterly household debt report. But rising interest rates seem to be squeezing household finances in at least one area: credit card debt.
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