Total U.S. credit card debt fell 12% at an annualized rate in November, a plunge not seen since the onset of the pandemic. High interest rates and tightening lending standards by banks may be ...
Despite broader economic data showing ... rate of 1.57% at the pandemic low from April through June 2021, the Philadelphia Fed said. It's not easy to erase credit card debt, as some Americans ...
As credit card balances swell, the share of delinquent balances is also worsening, it said. Despite broader economic data showing ... positive again but below pre-pandemic levels.
There’s growing evidence that Americans are struggling with their credit card debt, which has grown significantly since the COVID-19 pandemic. A new report from the Federal Reserve Bank of ...
"l think it would be also true to say that we're expecting it to go beyond what we saw pre-pandemic." Credit card nation Americans are leaning on credit cards to get by more than ever. Household ...
The economy and future economic predictions, for example, might make a credit card company feel more or less comfortable extending credit. During the early phase of the 2020 pandemic, credit card ...