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Consumers Make Minimum Credit Card Payments as Inflation Takes a Bite – PYMNTS.com

In a sign of the continued pressure of the paycheck-to-paycheck economy, more consumers are making only minimum payments on their credit cards. And the debt on those cards is increasing. It’s becoming increasingly difficult to strike a balance between staying in credit card debt and falling into delinquency, so to speak. Delinquency is increasing. According […]

Bidenomics Drives Credit Card Delinquencies to Record High

Delinquency rates for American credit card holders are at an all-time high, according to a Philadelphia Fed report, but at the same time the number of “active accounts” with “balances over $2,000” has reached a record number. It is said that there is. More than three years after President Biden took office, we all know […]

Credit card delinquencies hit highest level on record

Lee Munson, President and CIO of Portfolio Wealth Advisors, talks about the market, March CPI, and earnings season. Americans are drowning in credit card debt. new Published data A survey by the Federal Reserve Bank of Philadelphia shows that more Americans are struggling to make their monthly credit card payments as the battle against high […]