_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 ama store card online payment 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
_how-to-pay-amazon-credit-card-without-chase-account-best-way.webp "Quick and Easy")
_gen-z-has-a-credit-card-problem.webp "TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and why Gen Z has a credit card problem.")
_how-to-add-amazon-store-card-to-account-2024.webp "Yalan App")
_how-to-update-payment-method-on-amazon.webp "The Stuff I Use Channel")
_credit-cards-vs-charge-cards-pros-and-cons.webp "Ben Hedges")
_the-best-side-hustles-for-moms-make-us36590-a-day-online-worldwide-on-your-phone.webp "Odetta Rockhead-Kerr")
⏲ 23 minutes 32 seconds 👁 8.9K
_first-wedding-invitation-ignites-a-fairytale-fantasy-in-a-little-girl39s-heart.webp "When this little girl received her first-ever wedding invitation card from her mother, her eyes sparkled with excitement.<br/><br/>Holding the delicate card in her tiny hands, she felt a rush of amusement.<br/><br/>However, as the realization dawned upon her that she was actually invited to attend a wedding, her excitement soared to new heights.<br/><br/>With a flurry of thoughts, she began envisioning the perfect outfit.<br/><br/>She was imagining herself twirling in a beautiful dress and feeling like a princess amidst the celebration of love.<br/> <br/>Location: Mobile, United States<br/>WooGlobe Ref : WGA322571<br/>For licensing and to use this video, please email licensing@wooglobe.com")
_how-to-redeem-an-amazon-gift-card-in-1-minute.webp "TruFinancials")
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!)
_how-to-pay-amazon-credit-card-without-chase-account-best-way.jpg)
_gen-z-has-a-credit-card-problem.jpg)
_how-to-add-amazon-store-card-to-account-2024.jpg)
_how-to-update-payment-method-on-amazon.jpg)
_credit-cards-vs-charge-cards-pros-and-cons.jpg)
_the-best-side-hustles-for-moms-make-us36590-a-day-online-worldwide-on-your-phone.jpg)
_first-wedding-invitation-ignites-a-fairytale-fantasy-in-a-little-girl39s-heart.jpg)
_how-to-redeem-an-amazon-gift-card-in-1-minute.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}