The Briefing Room

General Category => Economy/Business => Topic started by: ABX on March 05, 2019, 05:07:38 pm

Title: U.S. Credit Card Debt Closed 2018 at a Record $870 Billion
Post by: ABX on March 05, 2019, 05:07:38 pm

Quote

U.S. credit card debt hit $870 billion -- the largest amount ever -- as of December 2018, according to the data from the Federal Reserve. Credit card balances rose by $26 billion from the prior quarter.
"The increase in credit card balances is consistent with seasonal patterns but marks the first time credit card balances re-touched the 2008 nominal peak," according to the report....

https://www.bloombergquint.com/onweb/u-s-credit-card-debt-closed-2018-at-a-record-870-billion#gs.71Y6NBrH (https://www.bloombergquint.com/onweb/u-s-credit-card-debt-closed-2018-at-a-record-870-billion#gs.71Y6NBrH)