_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 peg more cat chicken 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
Related Videos
_karaage-japanese-fried-chicken-124-recipe.webp "Here's how to make chicken karaage, a delicious Japanese fried chicken.")
_how-to-make-buffalo-chicken-dip.webp "Get ready for the ultimate party favorite with our tangy, creamy Buffalo Chicken Dip! This delicious dip tastes just like Buffalo chicken wings and is perfect for game day or any gathering. Serve it hot with crackers and celery sticks for a crowd-pleasing snack that everyone will love. Easy to make and incredibly flavorful, this Buffalo Chicken Dip will be a hit at your next event. Watch now to see how it’s done!")
_funny-funny-movie-cat-and-dog-funny-video-lebron-funny-video-cat-and-hen-funny-video-funny.webp "**Channel Description for FunnyMia:**<br/><br/>Welcome to FunnyMia, your ultimate destination for endless laughter and entertainment! Dive into a world filled with hilarious moments, side-splitting comedy, and delightful animations. From funny animal antics to the latest in Hindi and Punjabi comedy, we have something for everyone.<br/><br/>**Channel Highlights:**<br/><br/>1. **Hilarious Moments: Best Funny Videos of Cats and Dogs Compilation**<br/> Get ready to laugh out loud with our collection of the funniest cat and dog videos. These adorable pets will tickle your funny bone and brighten your day!<br/><br/>2. **Lebron's Funniest Moments: A Laugh Riot!**<br/> Watch basketball superstar LeBron James in his funniest moments. From on-court antics to off-court hilarity, this compilation is a slam dunk of laughter!<br/><br/>3. **Adorable Animal Antics: Funny Cats and Hens Video**<br/> Discover the cutest and funniest interactions between cats and hens. This video is sure to leave you in stitches!<br/><br/>4. **LOL Pets: The Funniest Animal Videos Ever!**<br/> Join us for a compilation of the most hilarious animal videos on the internet. From mischievous kittens to playful puppies, these clips are guaranteed to make you smile.<br/><br/>5. **Comedy Gold: New Hindi Punjabi Movie 2024 Highlights**<br/> Catch the funniest scenes from the latest Hindi and Punjabi movies of 2024. Enjoy the best of Bollywood and Pollywood comedy in one place!<br/><br/>6. **Punjabi Laughter Fest: Funniest Movies to Watch Now!**<br/> Dive into the world of Punjabi comedy with our selection of the funniest Punjabi movies. These films will have you rolling on the floor with laughter!<br/><br/>7. **Shinchan Adventures: Best Cartoon Movie Compilation in Hindi**<br/> Join Shinchan in his wacky adventures with our compilation of the best Shinchan cartoon movies in Hindi. Perfect for kids and adults alike!<br/><br/>8. **Classic Cartoons: Fun and Entertainment for Kids**<br/> Enjoy timeless cartoons that provide fun and entertainment for children. From beloved classics to modern hits, we have it all!<br/><br/>9. **Hindi Cartoon Movies: Motu Patlu and More**<br/> Watch the best of Motu Patlu and other popular Hindi cartoon movies. These animated tales are filled with humor and excitement!<br/><br/>10. **Finger Family Fun: Cartoon Network Nursery Rhymes**<br/>Sing along with our fun and educational finger family nursery rhymes. These catchy tunes are perfect for young kids and their families.<br/><br/>11. **Bheem's Best Moments: Must-Watch Cartoons**<br/>Follow the heroic adventures of Bheem and his friends in these must-watch cartoon episodes. Full of action and laughs, they're perfect for all ages!<br/><br/>12. **Epic Cartoons: Pro Fr Collection for Kids**<br/>Explore our epic collection of Pro Fr cartoons, curated especially for kids. These shows are packed with fun and creativity!<br/><br/>13. **Non-Stop Comedy: The Best Comedy Movies of 2024**<br/>Laugh your heart out with the best comedy movies of 2024. From laugh-out-loud moments to witty humor, these films have it all!<br/><br/>14. **Comedy Class: Eric and Ramzy's Funnie")
⏲ 0:31 👁 85K
_124124-wish-status-124124-cute-baby-cat-124124-trend-shorts-status-video-youtube-viral-flowers.webp "|| Wish Status || Cute Baby Cat ||#trend #shorts #status #video #youtube #viral #flowers")
⏲ 0:13 👁 105K
_record-high-remand-cohort-to-grow-with-family-violence-bail-shift.webp "Dr Mindy Sotiri says incarceration isn't the key to preventing violence against women. Video via AAP.")
_chicago-pd-11x13-promo-more-hd-season-finale-1080pfhr.webp "Chicago PD 11x13 \")
_why-do-cats-randomly-bite-unprovoked.webp "PetsRadar brings you expert advice and buying guides to help make your pet's life a long and happy one!")
_mrigyamaaya-124-short-film-124-swagata-mukherjee-praiti-biswas-siddhartha-banerjee-124-wild-romance-124-3-framez.webp "Mrigyamaaya | Short Film | Swagata Mukherjee, Praiti Biswas, Siddhartha Banerjee | Wild romance | 3 FrameZ <br/><br/>Watch full video of thirsty doctors doing wild romance with patient in hospital bed real feel of enjoyed her showed on this short film")
⏲ 18:30 👁 430K
_karaage-japanese-fried-chicken-124-recipe.jpg)
_how-to-make-buffalo-chicken-dip.jpg)
_funny-funny-movie-cat-and-dog-funny-video-lebron-funny-video-cat-and-hen-funny-video-funny.jpg)
_124124-wish-status-124124-cute-baby-cat-124124-trend-shorts-status-video-youtube-viral-flowers.jpg)
_record-high-remand-cohort-to-grow-with-family-violence-bail-shift.jpg)
_chicago-pd-11x13-promo-more-hd-season-finale-1080pfhr.jpg)
_why-do-cats-randomly-bite-unprovoked.jpg)
_mrigyamaaya-124-short-film-124-swagata-mukherjee-praiti-biswas-siddhartha-banerjee-124-wild-romance-124-3-framez.jpg)
![[+]](/images/menu.gif){kind=small}