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0 0.00100618082506831 0.00177279478702508 0.00220401514062579 0.00522255761583059 0.00349767620142777 0.00488716400747454 -0.00493507738009679
Stock impact report

Credit card debt hits record $1.17 trillion, New York Fed research shows [CNBC]

TransUnion (TRU) 
Last transunion earnings: 4/28 06:50 am Check Earnings Report
US:NYSE Investor Relations: investors.transunion.com
Company Research Source: CNBC
Still, credit card delinquency rates improved in the most recent quarter, suggesting that “rising debt burdens remain manageable,” the New York Fed researchers said. Collectively, Americans now owe a record $1.17 trillion on their credit cards , according to a new report on household debt from the Federal Reserve Bank of New York. Credit card balances rose by $24 billion in the third quarter of 2024 and are 8.1% higher than a year ago. Despite that increase, credit card delinquency rates improved — with 8.8% of balances transitioning to delinquency over the last year, compared to 9.1% in the previous quarter, the New York Fed found. That change could “suggest that rising debt burdens remain manageable,” the New York Fed researchers said on a press call Wednesday. “Overall, balance sheets look pretty good for households,” the researchers added. Credit card debt has remained stable over the last two decades; however, in the years since the pandemic, households largely spent d Show less Read more
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