_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 consumer behaviour pdf 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: 1.8M times
✓ Published: 17-May-2024
👁 View: 1.8M 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
_stock-markets-rally-amid-investor-hopes-for-interest-rate-cuts-in-2024.webp "Stock Markets Rally , Amid Investor Hopes for , Interest Rate Cuts in 2024.<br/>On the morning of May 15, both the S&P and the <br/>Nasdaq hit all-time highs after new data suggested <br/>inflation may be easing in line with expectations.<br/>Quartz reports that the Dow Jones Industrial Average <br/>is also inching toward the record-breaking <br/>40,000 mark, which it almost hit in March. .<br/>According to the latest Bureau of Labor <br/>Statistics data, April saw the Consumer Price <br/>Index, a key gauge of inflation, rise by 3.4%.<br/>At the same time, consumer prices <br/>increased by 0.3%, slowing slightly <br/>from March's 0.4% increase.<br/>The latest data also shows that core prices, <br/>which don't include food and energy, saw the lowest <br/>increase since April of 2021, rising just 3.6%. .<br/>As a result, investors have a sense of <br/>renewed hope that the Federal Reserve will <br/>begin to cut interest rates at some point in 2024.<br/>The latest inflation data was released one day <br/>after the Producer Price Index, which <br/>measures wholesale inflation, increased 0.5%. .<br/>Over the past year, the <br/>index has increased 2.2%.<br/>Shortly after markets opened, the Dow <br/>jumped up 147 points, hitting 39,705, while the <br/>S&P 500 and the Nasdaq saw 0.5% increases.<br/>Shares in GameStop were down 30% after <br/>experiencing a boost earlier this week by <br/>the online return of investor \")
_what-walmart39s-q1-earnings-are-revealing-about-us-consumers.webp "#walmart #earnings #consumer<br/>#walmart #earnings #consumer #yahoofinance <br/><br/>Walmart (WMT) posted its first-quarter earnings report revealing revenue that beat expectations and showed a growth in its e-commerce arm. Comparable sales and transactions rose 3.8% in the US, while the average ticket price was flat. Walmart CFO John David Rainey joined Yahoo Finance to give insight into the state of the consumer from Walmart's perspective, claiming consumers' wallets are \")
_tips-on-stopping-food-aggression-in-puppies.webp "5 Ways To Stop Puppy Food Aggression.")
_airlines-just-filed-a-lawsuit-to-fight-the-department-of-transportation-over-new-guidelines-that-protect-passengers.webp "Recently the Department of Transportation issued new rules to airlines, requiring them to be more transparent with their customers about what are often referred to as “junk fees”. Now every major airline is filing a lawsuit against the U.S. Department of Transportation hoping to reverse the new consumer protections. Veuer’s Tony Spitz has the details.")
⏲ 1:36 👁 1.9M
_how-to-effectively-read-food-labels.webp "How to Effectively Read, Food Labels.<br/>These tips offer helpful strategies for getting more mindful about what you eat on the daily.<br/>1, Understand why the <br/>food labels are there.<br/>Nutrition labels became mandatory in 1992 to give consumers the bare facts about their food purchases.<br/>2, Here are some recent <br/>changes to the food labels. .<br/>As our understanding of nutrition develops, <br/>so too has the nutrition label. The number of calories <br/>is currently front and center of food labels.<br/>3, Here's what to look for.<br/>The number of calories, serving size, nutrients and percent daily value are all helpful guides to help you decide what you buy and how much of it you'll eat.<br/>3, Here's what those things mean.<br/>The nutrients include the fat, protein, <br/>carb and sodium content. The percent daily value <br/>is how much of these are recommended daily.<br/>5, Keep these targets in mind.<br/>The daily recommended maximum <br/>for saturated fat is 20 grams, .<br/>sodium is 2,300 mg, .<br/>added sugar is between <br/>25 and 36 grams ...<br/>... and trans fat is zero grams.<br/>6, Remember these final tips.<br/>The total fat count isn't as important <br/>as the types of fat listed, .<br/>not all carbs are the same <br/>so pay attention to the added sugar ...<br/>... and cholesterol continues <br/>to be controversial")
_pair-of-tiny-fox-kits-are-being-hand-reared-by-keepers-at-safari-park.webp "A pair of tiny fox kits are being hand-reared by keepers at a safari park.<br/><br/>Weighing in total just 46 grams, the adorable pair of fennec foxes at Longleat Safari Park, Wiltshire, have not been named yet named and their gender is unknown.<br/><br/>Samantha Peeke, their keeper, is sharing the sleepless nights with colleagues Gemma Short and Catriona Moy as the babies initially need feeding every two hours, day and night.<br/><br/>They are planning to introduce them to rice as the first step to weaning.<br/><br/>Samantha said: “We are now feeding them every three hours with a longer break overnight.<br/><br/>“We are sharing the care so they don’t get attached to one of us as the aim is to reintroduce them to their mum and dad; eventually we hope they will also become part of the international breeding programme.\")
_inside-busiiness-geske.webp "With the aim of help people reimagine their skin right at home, A.A. Laquis has introduced a German Beauty Tech and Skincare line called GESKE, while A.A. Laquis is well known for its medical supplies, it has also been expanding its Consumer Division, which includes this skincare brand.<br/><br/><br/>Melissa Maynard has more in our Inside Business.")
_7th-pay-commission-da-hike-dearness-allowance-124.webp "केंद्रीय कर्मचारियों (Central Government Employees) के लिए जल्द ही खुशखबरी आने वाली है.क्योंकि केंद्रीय कर्मचारियों का महंगाई भत्ता (Dearness Allownce) एक बार फिर बढ़ने वाला है.गौरतलब है कि केंद्र सरकार सालभर में 2 बार महंगाई भत्ता बढ़ाती है.केंद्र सरकार ने पहला महंगाई भत्ता 1 जनवरी (1 January 2024) से लागू कर दिया है. सभी की सैलरी उस वक्त से बढ़कर आ रही है.वहीं अब उम्मीद है कि जल्द ही दूसरे महंगाई भत्ते (DA Hike) की बढ़ोतरी लागू कर दी जाएगी. जिसके बाद उनका डीए 55 फीसदी होने के पूरे आसार है. <br/> <br/>(Four Percent Hike In Dearness Allowance) (Consumer Price Index) (Labour Bureau) (Labour Ministry) (7th Pay Commission) (DA Hike) (DA Hike March 2023) (Central Government) (DA) (Dearness Allowance) (Centre Likely To Hike Dearness Allowance By 4 pc) (DA Hike 2024) (Dearness Relief) (Government Employees) (Central Government Employees) (Employees And Pensioners) <br/> <br/>7th Pay Commission, Dearness Allowance, DA, DA Hike, Central government employees, DA Hike latest updates, Dearness Relief, DA hike kitna hoga, DA hike July 2024, Government Employees, Central Government Employees, Latest News, 7th Pay Commission update, 7th Pay Commission DA news, 7th Pay Commission News, Employees and Pensioners, सातवां वेतन आयोग, महंगाई भत्ता, डीए, oneindia hindi, oneindia hindi news, वनइंडिया हिंदी, वनइंडिया हिंदी न्यूज़ <br/> <br/>#7thPayCommission #DAhike #DAhikeJuly2024 #DearnessAllowance #CentralGovernment #DA#DAhike2024#DearnessRelief #DAhikeKitnaHoga #GovernmentEmployees #CentralGovernmentEmployees#7thPayCommissionUpdate #7thPayCommissionDA#7thPayCommissionNews #EmployeesAndPensioners #FourPercentHikeInDearnessAllowance #HikeInDearnessAllowance #ConsumerPriceIndex#LabourBureau #LabourMinistry")
7th Pay Commission DA Hike: कब और कितना बढ़ेगा Dearness Allowance सरकार का क्या फैसला|वनइंडिया हिंदी
⏲ 3:6 👁 75K
_stock-markets-rally-amid-investor-hopes-for-interest-rate-cuts-in-2024.jpg)
_what-walmart39s-q1-earnings-are-revealing-about-us-consumers.jpg)
_tips-on-stopping-food-aggression-in-puppies.jpg)
_airlines-just-filed-a-lawsuit-to-fight-the-department-of-transportation-over-new-guidelines-that-protect-passengers.jpg)
_how-to-effectively-read-food-labels.jpg)
_pair-of-tiny-fox-kits-are-being-hand-reared-by-keepers-at-safari-park.jpg)
_inside-busiiness-geske.jpg)
_7th-pay-commission-da-hike-dearness-allowance-124.jpg)
![[+]](/images/menu.gif){kind=small}