credit card debt, New York Federal Reserve

Americans' credit card debt reaches new record high: New York Federal Reserve
Americans' household debt is at a new all-time high $18.04 trillion, according to a report released Thursday by the Federal Reserve Bank of New York.
This Week In Credit Card News: Credit Card Debt Still At Record Levels
Americans Struggle With Record Credit Card Debt U.S. credit card debt reached a record $1.17 trillion in the third quarter of 2024, growing from $770 billion in the first quarter of 2021 and the share of active credit card holders making just minimum payments rose to 10.75%, the highest percentage ever in data going back to 2012. [ The Guardian]
One-third of Americans have more credit card debt than emergency savings: Survey
A new survey from Bankrate revealed that 33 percent of U.S. adults have more credit card debt than emergency savings. That number is down from 36 percent in 2024 and 2023.
New report finds high percentage of Americans have more credit card debt than emergency savings
Bankrate Chief Financial Analyst Greg McBride says “more and more households [are] relying on credit to bridge that gap where the income stops but the expenses keep going.”
Credit card debt hit a record $1.21 trillion — here's why ‘no one should be surprised,' expert says
Credit card balances rose in the fourth quarter of 2024, the New York Fed found. Consumer spending continues to remain strong, despite high borrowing costs.
Linking your credit card with UPI: Convenience or a debt trap?
Experts call for responsible credit card usage as it involves borrowed money and associated interest charges if not paid within the billing cycle
Study finds many Americans have more credit card debt than savings
Its tough news on inflation and according to a new Bankrate survey. One-third of Americans say they have more credit card debt than emergency savings. Bankrate Chief Financial Analyst Greg Mcbride explains the study's findings.
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How to Pick and Use Your First Credit Card
Whether you're a student, new to credit or are starting over, there are credit cards designed for your situation.
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5 Things to Know About the Perpay Credit Card
The Perpay Credit Card doesn’t require a security deposit, but it does charge service fees. Plus, you'll have to link your ...