This Week In Credit Card News: 37% Of Cardholders Are Maxed Out Of Their Available Credit [Forbes]
Goldman Sachs Group, Inc. (The) (GS)
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am
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Source: Forbes
As a result, many are using more of their available credit and now, nearly 2 in 5 credit cardholders, 37%, have maxed out or come close to maxing out a credit card since the Federal Reserve began raising rates in March 2022, according to a new report by Bankrate. Most borrowers who are over extended blame rising prices and a higher cost of living. [ CNBC ] Nearly 40% of cardholders are maxed out on their credit cards getty Americans Haven't Been This Worried About Making Their Credit Card Payments Since the Pandemic Americans are growing increasingly anxious about mounting credit card debt. Debt balances have been growing, and US consumers are nervous about whether they'll be able to keep up: Americans haven't been this worried about missing a minimum debt payment since April 2020. The New York Fed's September 2024 Survey of Consumer Expectations showed that the average perceived probability of missing a minimum debt payment during the next three months increased for the fourt
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Earnings
- 10/16/24 - Beat
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Sec Filings
- 10/18/24 - Form 424B2
- 10/18/24 - Form 424B2
- 10/18/24 - Form 424B2
- GS's page on the SEC website