As rates of severe delinquencies rise, the youngest borrowers are having the hardest time keeping up iwth payments as ...
While credit card balances edged down in the first quarter, more borrowers still fell behind on their card payments, the Federal Reserve Bank of New York found.
Credit card delinquencies are on the rise, as research from the New York Federal Reserve shows nearly a fifth of borrowers ...
New York Federal Reserve data published Tuesday shows credit card delinquencies jumped during the first quarter in a sign of ...
The economy is strong, the job market is healthy, and consumer spending keeps chugging along, but an increasing number of ...
Collectively, Americans owe $1.12 trillion on their credit cards, according to a new report from the Federal Reserve Bank of New York. Although total balances fell in the first few months of ...
Credit Card Delinquencies , Are on the Rise. New York Federal Reserve data that was published on May 15 shows that credit card delinquencies kept rising from January to March, Fox Business reports. .
Austan Goolsbee, President of the Chicago Federal Reserve Bank, highlighted that consumer delinquencies are among the most ...
A growing number of Americans are maxed out on their credit cards. Nearly one-fifth of credit card borrowers were using at least 90% of their available credit in the first quarter of 2024.
The average credit card annual percentage rate is hovering near a record at 20.66 percent, per Bankrate. And while inflation ...
Roughly one in seven (15.3%) Gen Z credit card borrowers have maxed out their credit cards, according to new research from ...