Despite a strong economy, the share of Americans making only the minimum credit card payment hit a 12-year high and ...
The Fed is unlikely to cut interest rates again when it meets next week, delaying any relief from high borrowing costs.
A Record Number of Consumers Are Making Minimum Credit Card Payments As Delinquencies Also Rise ...
There’s growing evidence that Americans are struggling with their credit card debt, which has grown significantly since the ...
The share of active holders just making baseline payments on their cards jumped to a 12-year high, a Philadelphia Federal ...
The Philadelphia Federal Reserve's Q3 2024 Insights Report has revealed that 10.75 percent of creditors were only making their mandatory payments in the third quarter of 2024. It also noted ...
Higher interest rates that increase borrowing costs appear to be creating a growing financial strain on consumers.