While credit card balances edged down in the first quarter, more borrowers still fell behind on their card payments, the Federal Reserve Bank of New York found.
The tides are changing for the spending habits of younger generations. American Express has seen its shares rise by 25 ...
Credit card delinquencies are on the rise, as research from the New York Federal Reserve shows nearly a fifth of borrowers ...
As rates of severe delinquencies rise, the youngest borrowers are having the hardest time keeping up iwth payments as ...
Credit Card Delinquencies , Are on the Rise. New York Federal Reserve data that was published on May 15 shows that credit card delinquencies kept rising from January to March, Fox Business reports. .
A growing number of Americans are maxed out on their credit cards. Nearly one-fifth of credit card borrowers were using at least 90% of their available credit in the first quarter of 2024.
The economy is strong, the job market is healthy, and consumer spending keeps chugging along, but an increasing number of ...
A growing number of Americans are falling behind on their monthly credit card payments as they continue to battle high inflation and interest rates, according to New York Federal Reserve data ...
Roughly one in seven (15.3%) Gen Z credit card borrowers have maxed out their credit cards, according to new research from ...
Collectively, Americans owe $1.12 trillion on their credit cards, according to a new report from the Federal Reserve Bank of New York. Although total balances fell in the first few months of ...
Credit Card Delinquencies , Are on the Rise. New York Federal Reserve data that was published on May 15 shows that credit ...