American credit card debt soars at fastest pace in 20 years – research ...News

Russia Today - News
American credit card debt soars at fastest pace in 20 years – research
Another interest rate hike from the US Federal Reserve this week would push borrowing costs even higher Credit card debt in the US grew in the first quarter of this year at its fastest pace in two decades, a recent report has suggested. In the first quarter of this year, total credit card balances rose by more than 17% from a year ago, marking the largest annual jump in at least 20 years, independent investment research and online financial media company Hedgeye has reported, citing data from the US Federal Reserve. The cost of revolving credit – a type of credit that does not have a fixed number of payments, in c

Hence then, the article about american credit card debt soars at fastest pace in 20 years research was published today ( ) and is available on Russia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( American credit card debt soars at fastest pace in 20 years – research )

Apple Storegoogle play

Last updated :

Also on site :