I smell another bailout... :suspicious:
Credit card delinquencies surged in 2023, indicating ‘financial stress,’ New York Fed says
Credit card delinquencies surged in 2023, indicating '''financial stress,''' New York Fed says
Credit card delinquencies surged in 2023, indicating ‘financial stress,’ New York Fed says
Credit card delinquencies surged more than 50% in 2023 as total consumer debt swelled to $17.5 trillion, the New York Fed reported Tuesday.
Total debt rose by $212 billion in the quarter, a 1.2% increase quarterly and about 3.6% from a year ago.
Credit card delinquencies surged in 2023, indicating '''financial stress,''' New York Fed says