Visa's Strong Earnings and the Troubling State of Consumer Credit Card Debt in the US
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Visa's strong earnings are overshadowed by the troubling state of consumer credit card debt in the US. Americans' total credit card balance surpassed $1 trillion for the third consecutive quarter, while delinquencies and diverging credit trends continue to rise. The increase in consumer borrowing raises concerns about rising credit card balances and delinquencies. The record-high credit card delinquency rates and decline in mortgage originations highlight the challenges faced by consumers and the potential impact on the economy. Lower-income borrowers are struggling to keep up with loan payments, signaling muted loan growth and potential restrictions on affordable credit. #Visa #creditcarddebt #delinquencies #consumercredit #economy...

#newstr #Visa #Earnings #ConsumerCreditCardDebt #UsEconomy 

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