US Consumer Borrowing Rises Less Than Expected in March, Reflecting Slower Growth in Credit Card Debt
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#89505000 ver:0.22

US consumer borrowing rises less than expected in March, reflecting slower growth in credit card debt. Delinquencies are rising across all credit tiers and products, with concerns about rising credit card balances and delinquencies. Mortgage originations decline, and lower-income borrowers struggle with loan payments. The rise in subprime borrowers and high-interest rates exacerbate the situation. Total outstanding consumer borrowing increases, but at a slower rate than expected. Revolving credit, including credit card debt, edges up, while nonrevolving credit, consisting of auto and student debt, advances. #ConsumerCredit #Delinquencies #CreditCardDebt #EconomicHealth...

#newstr #UsEconomy #ConsumerBorrowing #CreditCardDebt #FederalReserve 

 https://here.news/story/89505000?ver=0.22