US Household Debt Continues to Rise as Financial Distress Worsens
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#89505000 ver:0.29

US household debt continues to rise as financial distress worsens, with credit card balances surpassing $1 trillion for the third consecutive quarter. Delinquency rates are increasing across all credit tiers and products, signaling potential economic stress. While overall consumer borrowing has increased, new account originations and utilization rates have declined. The rise in delinquencies and declining credit scores highlight the challenges faced by lower-income borrowers. Major credit card issuers are also experiencing weakened credit performance. These trends raise concerns about the state of consumer credit health and the potential risks to the US economy. #HouseholdDebt #FinancialDistress #CreditCardDelinquency...

#newstr #UsHouseholdDebt #CreditCardDebt #DelinquencyRates #BorrowingCosts 

 https://here.news/story/89505000?ver=0.29