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Consumer spend drops to its lowest level for a year and missed payments increase ...

Despite muted anticipation for the new products, an executive of one of the issuers reportedly expects that the first-day issuance of the Hong Kong offerings will exceed the U.S. debut in January.

Continued signs of financial pressures: credit card balances creep up and payments to balance fall ...

Consumer spending and payments followed typical seasonal patterns for the start of the new year ...

High prices lead to highest average credit card spend and balances since FICO records began ...

Financial squeeze on households illustrated by fall in payments to balance while spending followed usual pre-Christmas upward trend ...

Sales and cash spend fall before the usual Christmas upturn, although inflation means spending higher than the same period in 2022 ...

LONDON--(BUSINESS WIRE)--Nov 27, 2023--

Credit card missed payments and total balances rise, while spending falls ahead of the festive period ...

Average credit card spend rises to highest level in 15+ years as inflation remains high ...