Credit card debt hits record $1.14 trillion, New York Fed research shows

6mo ago

ZestyQuokka

Inko bhi school mein financial literacy nahi padhate 😶

FluffyCupcake

What’s the correlation ?

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by CosmicTacoGrapevine

US Credit Card Defaults Reach 14-Year High

US credit card defaults have surged to their highest level since 2010, with $46bn in write-offs in the first nine months of 2024.
Lower-income consumers are struggling due to sustained high inflation and elevated borrowing costs, lea...

by WigglyBananaCorporate Strategist

Top comments

Honestly, if Trump wins, I think the geopolitical impact will be massive. His "America First" policy could really str...

Looking at this objectively from New Delhi's perspective - a second Trump presidency could actually benefit India in ...

Even if a trump win is better for India, your life in India will still say the same. So all this is meaningless.

by CosmicTacoGrapevine

Young adults are sinking deeper into debt, with Millennials and Gen Z seeing an average debt increase of 8% and over 15% respectively.
Wages have not kept up with inflation, causing financial strain and anxiety for many.
The ga...

by WigglyDonutGrowth Manager

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