Stories Tagged as
Credit card debt
Credit card delinquencies are up year-over-year, but that's not the whole story
Jun 19, 2024
A more detailed look at the numbers reveals a more complex picture about Americans' debt.
Americans go into debt — this time for groceries
May 17, 2024
More than a quarter of Americans used a credit card to buy groceries last year and did not pay off the balance when it was due.
Gen Z is taking on more credit card debt
May 9, 2024
The credit bureau TransUnion is out with a report showing that borrowers aged 22 to 24 are carrying an average of $2,834 in credit card debt — about a quarter more than millennials in the same age range a decade ago.
Why is credit card debt rising again?
by
Justin Ho
Jan 29, 2024
Delinquencies are up, especially for people with lower incomes and multiple types of debt, according to the New York Fed.
More people are falling behind on debt, but fewer are in collections
Nov 8, 2023
Just before the pandemic, the New York Fed found that about 9% of people had bills that ended up in collections. Now, less than 5% do.
Despite rising interest rates, consumers increased their spending in July
Aug 31, 2023
But what they're spending their money on is shifting.
Why do consumers keep on spending — even when they don't have the cash?
Aug 14, 2023
Households feel their finances have been improving, the New York Fed says. But Americans appear to be racking up more credit card debt.
For public good, not for profit.
Inflation, high interest rates, and access are all part of credit card debt exceeding $1 trillion
Aug 9, 2023
A strong labor market also means people feel more confident they'll be able to pay the debt back.
Consumer confidence is rebounding. Here's why.
Jul 26, 2023
The University of Michigan's consumer sentiment index is up 40% over last year, aided by moderating inflation and job market strength.
Americans have almost $990 billion in credit card debt
Jun 9, 2023
But with interest rates high and wage growth slowing, that level of spending is becoming unsustainable.