Quote:
Originally Posted by NickyC
Repos are up massively as well. I think the long awaited return to sanity in vehicle pricing could be just over the horizon. Everything is far overpriced and many are breaking financially.
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Graphics show how Americans' total credit card debt reached record high
Portrait of George Petras George Petras
USA TODAY
Credit card debt, the amount owed by all Americans on their credit cards, rose to a record $1.13 trillion at the end of last year, the Federal Reserve Bank of New York reported Tuesday.
Card balances increased by about $50 billion, or 4.6%, in the fourth quarter of 2023.
Credit card delinquencies, the amount of time in which cardholders fall behind in making payments, also increased. The percentage of card delinquencies 90 days or more rose to 6.4% from 4% in the fourth quarter of 2022.