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Stock impact report

Top City Adding the Most Credit Card Debt [Yahoo! Finance]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Robust Growth and Challenges in the Global Credit Card Market The global credit card market is experiencing robust growth, driven by the increasing demand for cash alternatives and the availability of affordable credit cards. In 2021, the global credit card market was valued at USD 489.4 billion. By 2032, the market is projected to reach USD 1.2 trillion , growing at a CAGR of 8.8% from 2023 to 2032. The credit card payments market was valued at $524.9 billion in 2022. North America, led by the US, dominated the credit card market in 2021 and is expected to maintain its dominance throughout the forecast period. In 2020, nearly 47% of American adults, or around 120 million people, had credit card debt. As of 2022, Visa accounted for 52% of the purchase volume on general-purpose credit cards in the US, followed by Mastercard at 24% and American Express at 20%. saw a rise in the difficulty of credit card debt management for American consumers. The Federal Reserve Bank of New York Show less Read more
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