_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 new york city population growth rate 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
_solo-travel-fail-why-i-didnt-enjoy-upstate-new-york-124-katie-carney.webp "Katie Carney")
_putin-amp-xi-preparing-for-big-sanctions-war-w-alex-krainer-live.webp "The Duran")
⏲ 1 hour 24 minutes 27 seconds 👁 55.4K
_92.webp "\")
_how-this-364-8-billion-walkway-is-redefining-atlanta.webp "CNBC")
_onlyfans-model-flashes-dublin-new-york-portal-leading-to-temporary-shutdown.webp "\")
_architect-breaks-down-5-of-the-most-common-new-york-apartments-124-architectural-digest.webp "Architectural Digest")
⏲ 16 minutes 32 seconds 👁 1.8M
_what39s-up-with-new-york-city.webp "Geography King")
_the-poor-city-population-boom.webp "For most of human history, urbanization has gone hand in hand with economic growth. The world’s great cities like London, New York, and Tokyo became capitals of commerce for their booming national economies. But today’s fastest growing cities are different. In the January issue of American Economic Journal: Macroeconomics, authors Remi Jedwab and Dietrich Vollrath say that the emergence of poor megacities is a consequence of plummeting urban mortality rates after World War II. This mortality")
_solo-travel-fail-why-i-didnt-enjoy-upstate-new-york-124-katie-carney.jpg)
_putin-amp-xi-preparing-for-big-sanctions-war-w-alex-krainer-live.jpg)
_92.jpg)
_how-this-364-8-billion-walkway-is-redefining-atlanta.jpg)
_onlyfans-model-flashes-dublin-new-york-portal-leading-to-temporary-shutdown.jpg)
_architect-breaks-down-5-of-the-most-common-new-york-apartments-124-architectural-digest.jpg)
_what39s-up-with-new-york-city.jpg)
_the-poor-city-population-boom.jpg)
![[+]](/images/menu.gif){kind=small}