Americans’ debt levels — and delinquencies — are on the rise ...Middle East

By Alicia Wallace, CNN Minneapolis (CNN) — The resilient consumer has kept the US economic engine running, but it’s coming at a big cost: More Americans are falling behind on their credit cards. During the third quarter, the rate of households becoming delinquent or entering serious delinquency (90 days or more behind) on their credit cards was the highest since the end of 2011, according to the Federal Reserve Bank of New York’s latest Quarterly Report on Household Debt and Credit released Tuesday. The increases in credit card delinquency were the sharpest among borrowers in the range of 30 to 39 years old, according to the New York Fed. Newly delinquent auto loan balances continue

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Last updated : 07 Nov 2023 clock 07:28 PM

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Americans’ debt levels — and delinquencies — are on the rise ...Middle East

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