_american-credit-card-debt-surpasses-361-trillion-as-young-adults-struggle-to-cover-costs-of-housing-student-loans.jpg "American Credit Card Debt Surpasses $1 Trillion, as Young Adults Struggle to Cover Costs of Housing, Student Loans from eac hempstead new york Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:40
👁 View: 1.7M times
✓ Published: 17-May-2024
👁 View: 1.7M times
✓ Published: 17-May-2024
Description:
Americans owe over $1 trillion collectively in credit card debt, the Federal Reserve Bank of New York reported Tuesday. The average credit card balance per consumer exceeds $6,000, up 8.5% from the previous year. More borrowers are falling behind on credit card payments, with less than 9% of balances transitioning to delinquency. Serious delinquencies past 90 days reached their highest level since 2010. Younger adults have taken on more debt to cover the rising rent costs, student loans, and auto loans. Credit cards charging an average of 20% interest are typically the most expensive debt.
Americans owe over $1 trillion collectively in credit card debt, the Federal Reserve Bank of New York reported Tuesday. The average credit card balance per consumer exceeds $6,000, up 8.5% from the previous year. More borrowers are falling behind on credit card payments, with less than 9% of balances transitioning to delinquency. Serious delinquencies past 90 days reached their highest level since 2010. Younger adults have taken on more debt to cover the rising rent costs, student loans, and auto loans. Credit cards charging an average of 20% interest are typically the most expensive debt.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_insightful-nba-game-analysis-player-props-and-predictions.webp "Insightful NBA Game Analysis: Player Props and Predictions from eac hempstead new york")
_yankees-lead-twins-dodgers-at-bullpen-game-tonight.webp "Yankees Lead Twins; Dodgers at Bullpen Game Tonight from eac hempstead new york")
_aaron-judge39s-stellar-performance-and-impact-on-the-yankees.webp "Aaron Judge's Stellar Performance and Impact on the Yankees from eac hempstead new york")
_viral-video-tiktoker-onlyfans-model-ava-louise-flashes-her-breasts-at-the-new-york-dublin-portal.webp "An OnlyFans model who flashed her breasts at the New York-Dublin portal has revealed how she has received 'thousands of death threats' since it was forced to close.<br/><br/>Ava Louise, 25, who describes herself as 'New Jersey trash,' previously explained how she merely wanted to show the Irish people her 'home-grown potatoes' after displaying her assets at the public attraction.<br/><br/>The portal was installed as a way to bring people together via technology but has since been shut down temporarily due to 'inappropriate behavior,' according to the Dublin City Council.<br/><br/>Ava has now revealed the extent of the backlash she has faced in light of her daring display - but insists that 'boobs are harmless.'<br/><br/>'The people all around the portal at the time had a great reaction and were very encouraging - full of laughter!' she explained.<br/><br/>'Now, people aren't too happy. I'm receiving thousands of death threats.<br/><br/>'I just wanted my boobs to be international! Honestly, boobs are harmless.'<br/><br/>The model and TikTok star continued: 'Being topless in NYC is legal and the shutdown wasn't entirely my responsibility.<br/><br/>'I'm sure the world has noted there were more heinous things displayed by other people in the portal.<br/><br/>'Plus, Elon Musk replied to a tweet about it - now he has seen my boobies!'<br/><br/>In the clip, Ava can be seen walking up to the New York side of the portal, next to the Flatiron Building, which shows people at North Earl Street and O'Connell Street, Dublin.<br/><br/>She donned a casual ensemble of black leggings and a small white top which she enthusiastically raised as she screamed 'yay.'<br/><br/>The portal was launched on May 8 as an invitation to meet people 'above borders and differences,' said Benediktas Gylys, the Lithuanian artist and founder.<br/><br/>'The live stream provides a window between distant locations, allowing people to meet outside of their social circles and cultures, transcend geographical boundaries, and embrace the beauty of global interconnectedness.'<br/><br/>The Dublin portal is set to eventually be connected with other destinations, including Poland, Brazil, and Lithuania.<br/><br/>But Ava is not the only visitor to the portal to cause a stir after some used the futuristic sculpture for offensive jibes including people sharing videos of 9/11.")
⏲ 1:18 👁 1.3M
_this-is-why-trump-is-trouncing-biden-in-bombshell-new-york-times-swing-state-poll-rcp39s-tom-bevan.webp "Tom Bevan, Co-Founder and President of Real Clear Politics, joins \")
⏲ 14:9 👁 5.6M
_2023-wnba-super-team-era-vegas-aces-and-ny-liberty-lead.webp "2023 WNBA Super Team Era: Vegas Aces and NY Liberty Lead from eac hempstead new york")
_the-rule-hollywood-star-chris-hemsworth-broke-at-the-met-gala.webp "The 40-year-old Australian actor attended the glitzy fashion event held in New York City alongside his Spanish actress wife Elsa Pataky, 47. The event attracts the biggest A-list talent from around the world - who are expected to abide by strict rules when it comes to social media and photographs. But it seems Furiosa: A Mad Max Saga star Chris didn’t get the memo, as he told E! News, \")
_nba-playoffs-knicks-emphatically-take-game-6-vs-pacers.webp "NBA Playoffs: Knicks Emphatically Take Game 6 vs. Pacers from eac hempstead new york")
_insightful-nba-game-analysis-player-props-and-predictions.jpg)
_yankees-lead-twins-dodgers-at-bullpen-game-tonight.jpg)
_aaron-judge39s-stellar-performance-and-impact-on-the-yankees.jpg)
_viral-video-tiktoker-onlyfans-model-ava-louise-flashes-her-breasts-at-the-new-york-dublin-portal.jpg)
_this-is-why-trump-is-trouncing-biden-in-bombshell-new-york-times-swing-state-poll-rcp39s-tom-bevan.jpg)
_2023-wnba-super-team-era-vegas-aces-and-ny-liberty-lead.jpg)
_the-rule-hollywood-star-chris-hemsworth-broke-at-the-met-gala.jpg)
_nba-playoffs-knicks-emphatically-take-game-6-vs-pacers.jpg)
![[+]](/images/menu.gif){kind=small}