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Want to Know What's Really Happening With the Economy?
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<blockquote data-quote="Babagounj" data-source="post: 5907613" data-attributes="member: 12952"><p>[URL unfurl="true"]https://thehill.com/business/4665135-credit-card-delinquencies-surge/[/URL]</p><p>According the new report, <a href="https://www.newyorkfed.org/newsevents/news/research/2024/20240514" target="_blank">issued by the</a> bank’s Center for Microeconomic Data, household debt rose by 1.1 percent, or $184 billion, in the first quarter of the year, bringing the total to $17.69 trillion.</p><p></p><p>“In the first quarter of 2024, credit card and auto loan transition rates into serious delinquency continued to rise across all age groups,” Joelle Scally, regional economic principal within the household and public policy research division at the bank, said in a statement. </p><p></p><p>“An increasing number of borrowers missed credit card payments, revealing worsening financial distress among some households,” Scally added.</p></blockquote><p></p>
[QUOTE="Babagounj, post: 5907613, member: 12952"] [URL unfurl="true"]https://thehill.com/business/4665135-credit-card-delinquencies-surge/[/URL] According the new report, [URL='https://www.newyorkfed.org/newsevents/news/research/2024/20240514']issued by the[/URL] bank’s Center for Microeconomic Data, household debt rose by 1.1 percent, or $184 billion, in the first quarter of the year, bringing the total to $17.69 trillion. “In the first quarter of 2024, credit card and auto loan transition rates into serious delinquency continued to rise across all age groups,” Joelle Scally, regional economic principal within the household and public policy research division at the bank, said in a statement. “An increasing number of borrowers missed credit card payments, revealing worsening financial distress among some households,” Scally added. [/QUOTE]
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