Visa's Strong Earnings and the Troubling State of Consumer Credit Card Debt in the US
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#89505000 ver:0.2

Visa reports strong earnings, but US consumer credit card debt is troubling. Total credit card balance surpasses $1 trillion for the third consecutive quarter. Delinquencies rise across all credit tiers and products, indicating potential economic stress. Consumer borrowing increases, but lower than forecasted. Diverging trends among credit tiers and products highlight the need for comprehensive understanding of credit health. Credit card delinquency rates reach record high, mortgage originations decline. Rising prices and high interest rates squeeze lower-income borrowers. Subprime borrowers increase, impacting access to affordable credit. Pennsylvania tops list of states with highest credit card debt. #Visa #creditcarddebt #delinquencies #consumercredit #economy...

#newstr #Visa #CreditCardDebt #ConsumerCredit #Delinquencies #CreditCardBalances #InterestRates #EconomicTrends #SubprimeBorrowers #UsStates 

 https://here.news/story/89505000?ver=0.2