_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 www most com 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
_wwe-mainevent-full-show-592-1692-2024-202492-0592-16-16-may-2024.webp "WWE MainEvent Full Show5/16/2024 (2024/05/16) 16 May 2024<br/>WWE MainEvent Full Show5/16/2024 (2024/05/16) 16 May 2024<br/>WWE MainEvent Full Show5/16/2024 (2024/05/16) 16 May 2024")
_throne-of-seal-ep-105.webp "Throne of Seal EP 105")
_zamir-white39s-rising-role-in-las-vegas-raiders39-backfield.webp "Zamir White's Rising Role in Las Vegas Raiders' Backfield from www most com")
_criminal-most-wanted-124-ali-raza-124-ary-news-124-12th-may-2024.webp "#criminalmostwanted #crime #crimeshow <br/><br/>Criminals Most Wanted | ARY News <br/><br/>Host: Syed Ali Raza Naqvi <br/><br/>Criminals Most Wanted (CMW) is one of the most popular crimes shows of Pakistan. Exclusively aired by ARY News and helmed by Ali Raza, CMW is not just about exclusive crime stories but sometimes, the show host actually raids criminal dens with police and comes up with intricate details about how, when and where the crime is planned, executed and caught.")
_amidst-a-snowstorm-of-lovehindi-dubeng-subfull-episode-14---chinese-drama-in-hindi.webp "AMIDST A SNOWSTORM OF LOVE《Hindi DUB》+《Eng SUB》Full Episode 14 _ Chinese Drama in Hindi<br/>best chinese drama,chinese drama,chinese drama eng sub,new chinese drama,chinese dramas,best chinese drama in 2023,best chinese drama 2023,best chinese dramas 2023,chinese drama 2023,chinese drama 2024,chinese drama 2022,best chinese dramas,chinese dramas 2023,chinese dramas in 2023,chinese romantic drama,latest chinese drama,chinese drama list,best chinese drama 2024,cdrama,new chinese drama eng sub,most viewed chinese dramas,<br/>korean drama,best korean drama,best kdramas,best korean drama 2023,best kdrama,korean drama 2023,best korean romantic drama,best korean drama on netflix 2023,best romantic korean drama on amazon prime,best korean series,best korean dramas,kdrama,best kdramas 2023,best korean dramas 2023,2023 korean drama,korean drama eng sub,korean dramas,netflix korean drama,best kdrama 2023,korean drama in amazon prime,best korean movies on hbo max")
⏲ 43:42 👁 160K
_unveiling-the-world39s-most-treacherous-dams-5-most-dangerous-dams-of-the-world-that-you-must-know.webp "Welcome to \")
⏲ 1:56 👁 75K
_minnesota39s-slim-chances-in-playoff-comeback-explained.webp "Minnesota's Slim Chances in Playoff Comeback Explained from www most com")
_throne-of-seal-ep-106.webp "Throne of Seal EP 106")
_wwe-mainevent-full-show-592-1692-2024-202492-0592-16-16-may-2024.jpg)
_throne-of-seal-ep-105.jpg)
_zamir-white39s-rising-role-in-las-vegas-raiders39-backfield.jpg)
_criminal-most-wanted-124-ali-raza-124-ary-news-124-12th-may-2024.jpg)
_amidst-a-snowstorm-of-lovehindi-dubeng-subfull-episode-14---chinese-drama-in-hindi.jpg)
_unveiling-the-world39s-most-treacherous-dams-5-most-dangerous-dams-of-the-world-that-you-must-know.jpg)
_minnesota39s-slim-chances-in-playoff-comeback-explained.jpg)
_throne-of-seal-ep-106.jpg)
![[+]](/images/menu.gif){kind=small}