Why Is U.S. Credit Card Debt not Growing?
The latest Federal Reserve data show that U.S. consumer credit card debt has fallen sharply in June, erasing all of the increase for the year to date....
Tag: credit card debt
U.S. Credit Card Debt up by Most since before Recession
The latest Federal Reserve data show that U.S. consumer credit card debt has risen by the biggest amount since before the Great Recession started....
Liquidity, Savings Rate and Student Loans
Since 2008, the share of American families having $50,000 or more in liquid assets has increased. No other group has shown an improvement....
U.S. Credit Card Charge-offs, Delinquencies, Payment Rate All Set New Records
The credit card charge-off rate fell to 4.9% in May; the delinquency rate dropped to an all-time low of 2.47%; the MPR rose to 22.47% -- a record-high....
Credit Card Debt vs. Credit Card Use
Even as credit card spending in the US has been increasing, the record-high debt repayment rate has prevented the credit card debt total from rising....