Credit card debt hits a new record high
Credit card debt hit a record $1.21 trillion — here's why 'no one should be surprised,' expert says
Collectively, Americans now owe a record $1.21 trillion on their credit cards, according to a new quarterly report on household debt from the Federal Reserve Bank of New York. Credit card balances jumped by $45 billion in the fourth quarter of 2024, driven in part by holiday spending, and are now 7.3% higher than a year ago.
Kennedy Jr. recently reported owing $610,000 to $1.2 million in credit card debt. Most Americans need to keep a tighter grip ...
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The Consumer Financial Protection Bureau, the so-called cop on the beat protecting Americans from financial abuse, is now ...
The Bread Rewards American Express Credit Card features bonus rewards for everyday spending like gas and groceries. But there ...
With the launch of the KIWI UPI Credit Card, India is on the verge of completing yet another transformation in their ...
Credit cards can be a double-edged sword in personal finance. While they offer convenience and rewards, they can also lead to ...
He has taught courses in financial market and institutions ... often leave consumers with limited options when it comes to credit cards. Those with fair (580 to 669) to poor (580 and below ...
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