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 […]
Our Drunken Sailors’ Credit Card Balances, Burden, Delinquencies, and Available Credit – WOLF STREET
Credit cards are the primary payment method for everything from business travel reimbursements to e-commerce and bar tabs. And some people borrow it and use it. Written by Wolf Richter of Wolf Street. Credit cards are a measure of spending, not borrowing. They are the primary payment method for consumers in the United States and […]
Student loan payments may be to blame for a spike in credit card delinquencies
Lee Munson, president and chief information officer (CIO) of Portfolio Wealth Advisors, 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. More Americans are falling behind on their monthly appointments. Payment by credit cardand according to new data released by […]
Auto loan delinquencies spiked last year in troubling sign for economy
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. More Americans are falling behind on their car payments, and this is an ominous sign for the country. us economy This […]
Credit Card and Auto Loan Delinquencies Surge on Back of Bidenflation
U.S. consumer spending has continued to fuel the economy at an unexpected rate over the past year. On the dark side, delinquencies on credit cards and auto loans are skyrocketing. “New delinquencies are particularly bad for both auto loans and credit cards, with transition rates exceeding pre-pandemic levels,” the New York Fed said. Said In […]
Credit card delinquencies surge as Americans battle high inflation, interest rates
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. More Americans are falling behind on their monthly credit card payments as the country continues to battle high inflation and interest […]