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 economy is strong, the job market is healthy, and consumer spending keeps chugging along, but an increasing number of ...
The Federal Reserve reported earlier this year that in late 2023, credit card delinquency rose above three percent for the ...
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 ...
The economy has been resilient, the job market healthy and consumers keep spending, but more Americans are becoming financially overextended — especially on their credit cards. New data released ...
MATTER OF FACT. MOST AMERICANS HAVE SOME FORM OF HEALTH INSURANCE. BUT EVEN WITH THAT COVERAGE, 4 IN 10 HAVE MEDICAL DEBT. A NEW ANALYSIS BY KFF SHOWS PEOPLE IN THE U.S. OWE A COLLECTIVE $220 ...
Delinquent debt payments are still mostly higher than they were a year ago, but are trending in the right direction for now.
Austan Goolsbee, President of the Chicago Federal Reserve Bank, highlighted that consumer delinquencies are among the most ...