Credit card balances spiked in the third quarter to a $1.08 trillion record. Here's how we got here
Tue Nov 7 , 2023
Americans now owe $1.08 trillion on their credit cards, according to a new report on household debt from the Federal Reserve Bank of New York. Credit card balances spiked by $154 billion year over year, notching the largest increase since 1999, the New York Fed found. “Credit card balances experienced a large […]
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