_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 son tae young 4 jpg 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: 1.9M times
✓ Published: 17-May-2024
👁 View: 1.9M 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
_01-reblooming-blue-2024-ep01-full-hd.webp "另一种蓝01 - Reblooming Blue (2024) EP01 Full HD from son tae young 4 jpg")
_32-men-in-love-2024-ep32-full-hd.webp "请和这样的我恋爱吧32 - Men in Love 2024 Ep32 Full HD from son tae young 4 jpg")
_return-of-the-lady-ceo-the-lady-ceo-is-return-full.webp "Return of The Lady CeoThe Lady Ceo is Return (Full)")
_huesera-the-bone-woman-2023-spanish-scary-movie.webp "Huesera: The Bone Woman 2023 Spanish Scary Movie")
_health-ministry-to-fully-enforce-act-852-to-address-e-cigarettes-involving-young-people.webp "The Health Ministry (MOH) will fully enforce the Control of Smoking Products for Public Health 2024 (Act 852) starting in June to address the rising use of electronic cigarettes among young people.<br/><br/>Health Minister Datuk Seri Dr. Dzulkefly Ahmad announced on Thursday (May 16) that the MOH hopes these regulations will effectively curb the increasing trend of electronic cigarette and vaping use among youth.<br/><br/>Read more at https://tinyurl.com/ycy73639<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline")
_grandpa-and-grandma-turn-young-again-ep-06-english-subbed.webp "Shouzou and Ine Saitou have been happily married for as long as they can remember. Even in their old age with wrinkles and cracking limbs, the strength of this love is evident by their precious bond. And then, randomly one day, they wake up to find they are young again! Despite their newfound youthful and attractive bodies, Shouzou and Ine remain the same as ever. Jiisan Baasan Wakagaeru follows the young old couple as they go about their daily lives, spend time with family, and defy the expectations of the youngsters.")
_grandpa-and-grandma-turn-young-again-episode-6-eng-sub.webp "Grandpa and Grandma Turn Young Again Episode 6 Eng Sub from son tae young 4 jpg")
_heartbreak-on-39young-sheldon39.webp "Young Sheldon fans left in tears as George's departure sends shockwaves. How will the Cooper family evolve?#YoungSheldon #GeorgeSenior #CooperFamily #BigBangTheory #EmotionalTwist")
_01-reblooming-blue-2024-ep01-full-hd.jpg)
_32-men-in-love-2024-ep32-full-hd.jpg)
_return-of-the-lady-ceo-the-lady-ceo-is-return-full.jpg)
_huesera-the-bone-woman-2023-spanish-scary-movie.jpg)
_health-ministry-to-fully-enforce-act-852-to-address-e-cigarettes-involving-young-people.jpg)
_grandpa-and-grandma-turn-young-again-ep-06-english-subbed.jpg)
_grandpa-and-grandma-turn-young-again-episode-6-eng-sub.jpg)
_heartbreak-on-39young-sheldon39.jpg)
![[+]](/images/menu.gif){kind=small}