Americans are increasingly falling behind on their credit card bills, flashing a warning sign for the economy

https://fortune.com/2024/12/30/credit-card-debt-writeoffs-consumer-spending-inflation-fed-rates/

by fortune

1 comment
  1. Banks are writing off credit card debt at the highest level since 2010, a potential red flag for the economy as consumers have juggled inflation and higher borrowing costs in recent years.

    In the 12 months that ended in September, consumers who didn’t fully pay off their monthly credit card bills paid $170 billion in interest.

Comments are closed.