US Economy Facing Credit Card Crisis As Debt Soars
The US is facing a credit card debt crisis as balances and delinquencies soar.
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The US is facing a credit card debt crisis as balances and delinquencies soar.
NEW YORK--(BUSINESS WIRE)--Jan 4, 2024--
Following a year marked by banking industry disruption, geopolitical risks and sustained macroeconomic challenges, small and midsize business leaders are sharing a more balanced outlook heading into 2024, while pulling back from previous predictions of a near-term recession, according to JPMorgan Chase’s 2024 Business Leaders Outlook survey released today.
Ginger Chambless of J.P. Morgan Commercial Bank says 2023 tested businesses’ resilience, and they’re ready for new challenges, even if consumer demand slows down.
Asked by Karen Webster to offer up her thoughts on the state of the U.S. economy and how businesses are approaching 2024, Ginger Chambless, head of research…