US Household Debt Continues to Rise as Financial Distress Worsens
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#89505000 ver:0.28

US household debt continues to rise as financial distress worsens. Visa's Q2 2024 results show impressive growth, but Americans' credit card debt surpasses $1 trillion for the third consecutive quarter. Delinquencies are rising across all credit tiers and products, indicating potential economic stress. Total outstanding credit increases, but new account originations and utilization rates decline. The rise in delinquencies and decline in credit health highlight the need for a comprehensive understanding of the consumer credit landscape. #Debt #FinancialDistress #CreditHealth...

#newstr #Visa #CreditCardDebt #ConsumerCredit #Delinquencies #DivergingTrends #FinancialDistress #UsHouseholdDebt #AutoLoans #Mortgages #CreditHealth 

 https://here.news/story/89505000?ver=0.28