U.S. Credit Card Debt Reaches Record High $1.13T
(Photo by Joe Radle/Getty Images) OAN’s James Myers9:10am – Thursday, February 8, 2024 Credit card debt nationwide has once again hit an all-time high, according to a new report. advertisement New data released Tuesday by the Federal Reserve Bank of New York showed that Americans’ credit card balances have reached a staggering $1.13 trillion. The […]
Debt held by US public on track to hit record high in next decade: Estimate
Federal budget analysts said Wednesday that the amount of debt held by Americans is on track to reach record highs in the coming years as the federal budget deficit is expected to rise over the next decade. The Congressional Budget Office (CBO) predicts that public debt will increase significantly over the next decade, rising from […]
Record-High Credit Card Debt Brutalizes Middle Class in Biden’s America
Record-high levels of credit card debt “are primarily hurting low- and middle-income Americans, who tend to rent,” the far-left Associated Press reported. report. The AP article itself is a joke. Time and time again, they fail by using statements like “The U.S. economy is generally healthy,” or “The U.S. economy is currently doing better than […]
Credit card debt increases by $50B to new record high – The Hill
U.S. credit card debt increased by $50 billion in the fourth quarter of 2023, according to recent findings from the New York Fed. Latest reportThe total credit card balances through the end of December were $1.13 trillion, an increase of about 4.6 percent from the third quarter of 2023, according to a study released Tuesday. […]
Credit card debt increases by $50B to new record high
U.S. credit card debt increased by $50 billion in the fourth quarter of 2023, according to recent findings from the New York Fed. of Latest reportThe total credit card balances through the end of December were $1.13 trillion, an increase of about 4.6% from the third quarter of 2023, according to a report released Tuesday. […]
Credit card debt smashed another record high at the end of 2023
Portfolio Wealth Advisors President and Chief Information Officer Lee Manson talked about the expected earnings releases of major banks, the Federal Reserve’s interest rate cuts, and gave his outlook for the market this year. Americans are increasingly turning to credit cards to cover everyday expenses, with debt hitting a record high at the end of […]
Connecticut to Become First State to Cancel Medical Debt for Residents
Connecticut Democratic Gov. Ned Lamont announced Friday that the state will first use $6.5 million in coronavirus relief funds from the American Rescue Plan Act of 2021 to waive about $1 billion in health care costs. “It’s a debt you can’t control,” Lamont said. CNN. “We’re not wasting it. We’re going to have a medical […]
Credit card debt poised to a hit a new record high
Nomi Prince, author of “Perpetual Distortion,” argues that the Fed’s policies are having a negative impact on everyone involved in “making money.” Americans are hoarding more money credit card debt This is because the prices of daily necessities continue to rise due to still high inflation and soaring interest rates. Federal Reserve Bank of New […]
Connecticut Gov. Ned Lamont says state will be first to cancel medical debt for all eligible residents
Connecticut will forgive medical debt for all eligible residents, the governor announced Friday, becoming the first state to do so. Gov. Ned Lamont appeared on “Good Morning America” to announce the state will forgive medical debt for thousands of residents in a new initiative aimed at relieving people of significant financial burdens. Then he said. […]
Connecticut governor unveils plan to nix medical debt for eligible residents
Connecticut Gov. Ned Lamont (D) announced Friday a plan to cancel medical debt for residents of the constitutional state, a first-of-its-kind initiative. The plan was there first announced on ABC’s “Good Morning America.” According to ABC, the plan includes using $6.5 million in funding from the American Rescue Plan Act to cancel $1 billion in […]