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American credit card debt hits historic high as prices surge

Noticeable pockets of Americans — renters, and lower- and middle-income borrowers — are running up their credit cards balances, and increasing numbers are falling behind on their debts. It’s the latest sign that while the U.S. economy is broadly healthy, the last two years of inflation have sapped much of the savings of vulnerable Americans, possibly leading to further deterioration of their financial health this year. The credit rating company Moody’s says credit card de...
United States Joe Biden Vantagescore Tavares Silvio Tavares John Green Warren Kornfeld

American credit card debt hits historic high as prices surge

Noticeable pockets of Americans — renters, and lower- and middle-income borrowers — are running up their credit cards balances, and increasing numbers are falling behind on their debts. It’s the latest sign that while the U.S. economy is broadly healthy, the last two years of inflation have sapped much of the savings of vulnerable Americans, possibly leading to further deterioration of their financial health this year. The credit rating company Moody’s says credit card de...
United States John Green Warren Kornfeld Joe Biden Silvio Tavares Vantagescore Tavares

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