_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 venture debt 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
_hundreds-pack-church-for-funeral-of-british-gaza-aid-worker.webp "The funeral of British aid worker James Kirby has taken place today at St Mary Redcliffe Church in Bristol. Mr Kirby, 47, was one of seven World Central Kitchen (WCK) workers killed in an Israeli drone attack in Gaza in April. His cousin Adam McGuire read a family tribute during the service, saying: “James’ decision to venture to Gaza, driven by his innate desire to help others, exemplified his selflessness and courage.” Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn")
_chainsaw-man-season-01-episode-08.webp "\")
_consider-this-youth-in-debt-part-2-53000-youths-seeking-help-to-manage-debt.webp "The Credit Counseling and Management Agency (Agensi Kaunseling dan Pengurusan Kredit, AKPK) recently reported that 65% of the total number of the agency’s clients as of March were those aged between 28 and 30. That’s some 53,000 youths seeking AKPK's services to restructure their debts, worth nearly RM1.9 billion in total. What are the implications of this staggering statistic, and what systemic factors are contributing to the financial struggles faced by young Malaysians today? On this episode of #ConsiderThis Melisa Idris speaks to Nirmala Supramaniam, Head of the Household Financial Education Department at AKPK, an agency under Bank Negara which helps individuals with the responsible use of credit.")
_kenshi-05-stenn-and-border-wandering.webp "Venturing out, Veriltarg takes some time to explore a bit and become more familiar with the areas he's been previously as well as wander around the Stenn Desert, Vain, and back to the Hub as well.<br/><br/><br/>https://rumble.com/v4uo433<br/>https://youtu.be/y2iUQoHZRzs<br/>https://www.minds.com/newsfeed/1636354457585324035?referrer=Izorium")
_7-product-research-fundamentals-1.webp "Welcome to Product Research Fundamentals, your ultimate guide to mastering the art of product research! Whether you’re an aspiring entrepreneur, a seasoned e-commerce seller, or simply curious about how to find winning products, this channel is for you. We provide in-depth tutorials, expert tips, and step-by-step guides to help you uncover the best products in the market. From market analysis and trend spotting to competitor research and consumer behavior insights, we've got you covered. Subscribe and join our community to stay ahead of the curve and turn your product ideas into successful ventures. Let’s dive into the fundamentals and beyond!<br/><br/>")
_claims-northern-territory-doesnt-address-cost-of-living-crisis.webp "Servicing the Northern Territory's debt will become the third most expensive expenditure in the budget. The Northern Territory's net debt is forecast to reach 11 billion dollars next year which is expected to lead to a down-grading of the territory economy by ratings agencies.")
_kenshi-06-medical-training.webp "Venturing north from the Hub, Veriltarg heads back into Okranite territory to resume his practice leaning everything he can about how to mend wound in the field, maneuvering around Stack and Bad Teeth, being able to say he is a master of the skill now.<br/><br/><br/>https://rumble.com/v4uupzn<br/>https://youtu.be/3S_Pq7XZIXM<br/>https://www.minds.com/newsfeed/1636737277046558728?referrer=Izorium")
_hundreds-pack-church-for-funeral-of-british-gaza-aid-worker.jpg)
_chainsaw-man-season-01-episode-08.jpg)
_consider-this-youth-in-debt-part-2-53000-youths-seeking-help-to-manage-debt.jpg)
_kenshi-05-stenn-and-border-wandering.jpg)
_7-product-research-fundamentals-1.jpg)
_claims-northern-territory-doesnt-address-cost-of-living-crisis.jpg)
_kenshi-06-medical-training.jpg)
![[+]](/images/menu.gif){kind=small}