_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 best balance transfer visa card 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
_best-balance-transfer-credit-cards-2024-124-march-0.webp "850 Club Credit")
_top-10-balance-transfer-credit-cards-2024-with-0-interest-on-balance-transfers.webp "Hack Your Finances")
⏲ 18 minutes 14 seconds 👁 9.4K
_american-credit-card-debt-surpasses-361-trillion-as-young-adults-struggle-to-cover-costs-of-housing-student-loans.webp "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.")
⏲ 0:40 👁 1.9M
_best-0-interest-balance-transfer-credit-cards-2024-15-months-interest-free.webp "Mike the Credit Guy")
⏲ 10 minutes 46 seconds 👁 5.1K
_the-mathematician-discovers-a-secret-formula-to-win-36100m-lottery-every-week.webp "Ben Campbell is a young, highly intelligent student at M.I.T. in Boston who strives to succeed. Wanting a scholarship to transfer to Harvard School of Medicine with the desire to become a doctor, Ben learns that he cannot afford the $300,000 for the four to five years of schooling as he comes from a poor, working-class background. But one evening, Ben is introduced by his unorthodox math professor Micky Rosa into a small but secretive club of five students, Jill, Choi, Kianna, and Fisher, who are being trained by Professor Rosa in the skill of card counting at blackjack. Intrigued by the desire to make money, Ben joins his new friends on secret weekend trips to Las Vegas where, using their skills of code talk and hand signals, they have Ben make hundreds of thousands of dollars in winning blackjack at casino after casino. Ben only wants to make enough money for the tuition to Harvard and then back out. But as fellow card counter Jill Taylor predicts, Ben becomes corrupted by greed and his arrogance at winning which lets his feelings get in the way, and it also puts Professor Rosa, as well as the group, on the radar of a brutal casino security enforcer named Cole Williams, who holds a personal grudge of some kind against Rosa which threatens to undo everything the students have learned and earned.<br/>-----------------------------------------------------------------------------------------<br/>Subscribe to watch more movie recaps videos like this! <br/><br/>Subscribe to our other social media accounts for daily updates, movie recommendations and more <br/><br/>1. Twitter = https://twitter.com/MysteryRecapped?t=wDET5JG0vrZy-nHpynDuAA&s=09<br/>2. Instagram = https://www.instagram.com/mysteryrecapped/<br/>3. Tiktok = https://vt.tiktok.com/ZSemvw9y4/<br/>4. Adam's YT= https://www.youtube.com/channel/UCwvlZqkEmAeZJLQuKTtEwjg/videos")
_i-ranked-every-credit-card-heres-whats-actually-good.webp "Daniel Braun")
_the-best-no-annual-fee-cards-2024-and-why-you-need-them.webp "Kevin Yang")
_acrylic-wedding-invitation-with-gold-foil-print-and-sage-green-folded-jacket-yk2024sgg.webp "Welcome to our enchanting world of elegant celebrations! In this captivating video, we unveil the mesmerizing details of our exquisite \")
⏲ 0:58 ✓ 16-May-2024
Related Video Searches
Back to Search
Search Videos
Recent Searches
×
(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!)
_best-balance-transfer-credit-cards-2024-124-march-0.jpg)
_top-10-balance-transfer-credit-cards-2024-with-0-interest-on-balance-transfers.jpg)
_best-0-interest-balance-transfer-credit-cards-2024-15-months-interest-free.jpg)
_the-mathematician-discovers-a-secret-formula-to-win-36100m-lottery-every-week.jpg)
_i-ranked-every-credit-card-heres-whats-actually-good.jpg)
_the-best-no-annual-fee-cards-2024-and-why-you-need-them.jpg)
_acrylic-wedding-invitation-with-gold-foil-print-and-sage-green-folded-jacket-yk2024sgg.jpg)
❮❯
1 / 10
2 / 10
Play 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!)
3 / 10
4 / 10
5 / 10
6 / 10
7 / 10
8 / 10
9 / 10
10 / 10
![[+]](/images/menu.gif){kind=small}