_american-credit-card-debt-surpasses-361-trillion-as-young-adults-struggle-to-cover-costs-of-housing-student-loans.jpg "American Credit Card Debt Surpasses $1 Trillion, as Young Adults Struggle to Cover Costs of Housing, Student Loans from bd movie rising bangla Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:40
👁 View: 1.8M times
✓ Published: 17-May-2024
👁 View: 1.8M times
✓ Published: 17-May-2024
Description:
Americans owe over $1 trillion collectively in credit card debt, the Federal Reserve Bank of New York reported Tuesday. The average credit card balance per consumer exceeds $6,000, up 8.5% from the previous year. More borrowers are falling behind on credit card payments, with less than 9% of balances transitioning to delinquency. Serious delinquencies past 90 days reached their highest level since 2010. Younger adults have taken on more debt to cover the rising rent costs, student loans, and auto loans. Credit cards charging an average of 20% interest are typically the most expensive debt.
Americans owe over $1 trillion collectively in credit card debt, the Federal Reserve Bank of New York reported Tuesday. The average credit card balance per consumer exceeds $6,000, up 8.5% from the previous year. More borrowers are falling behind on credit card payments, with less than 9% of balances transitioning to delinquency. Serious delinquencies past 90 days reached their highest level since 2010. Younger adults have taken on more debt to cover the rising rent costs, student loans, and auto loans. Credit cards charging an average of 20% interest are typically the most expensive debt.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_rich-list-2024-king-charles-and-sunak-see-their-wealth-rise.webp "The personal fortunes of the prime minister and the King have risen in the last 12 months, according to the Sunday Times Rich List 2024. Rishi Sunak and wife Akshata Murty’s wealth surged from £529m last year to £651m this year. Meanwhile, King Charles’ wealth also grew, rising from £600m last year to £610m this year. This year’s list was again topped by Gopi Hinduja and his family, who control the Hinduja Group, and saw their wealth rise from £35bn to £37.2bn. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn")
_124-vaiyare-124-bangla-new-movie-124-rasel-mia-124-zara-124-channel-i-movies.webp "Channel i Movies")
⏲ 1 hour 54 minutes 51 seconds 👁 1M
_evil-dead-rise-movie-explained-in-bangla-124.webp "Haunting Realm")
⏲ 26 minutes 8 seconds 👁 896.5K
_badha-124-124-shakib-khan-purnima-riaz-amp-dipjol-124-bangla-full-movie.webp "Anupam Movies")
⏲ 2 hours 29 minutes 49 seconds 👁 6.1M
_bangla-old-movie-dhewer-pore-dhew-razzak-amp-kobori.webp "NTV Bangla Movie")
_culture-house-rising-into-the-sunderland-skyline.webp "Culture House rising into the Sunderland skyline")
_full-version-rise-of-eagle.webp "Bangladesh Air Force Official Channel")
⏲ 41 minutes 57 seconds 👁 386.7K
_rich-list-2024-king-charles-and-sunak-see-their-wealth-rise.jpg)
_124-vaiyare-124-bangla-new-movie-124-rasel-mia-124-zara-124-channel-i-movies.jpg)
_evil-dead-rise-movie-explained-in-bangla-124.jpg)
_badha-124-124-shakib-khan-purnima-riaz-amp-dipjol-124-bangla-full-movie.jpg)
_bangla-old-movie-dhewer-pore-dhew-razzak-amp-kobori.jpg)
_culture-house-rising-into-the-sunderland-skyline.jpg)
_full-version-rise-of-eagle.jpg)
![[+]](/images/menu.gif){kind=small}