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US credit card debt hits record $1.17 trillion
Americans’ $1 trillion credit-card debt problem is inching in the right direction as inflation eases
Americans are still building up their credit-card balances, but they’re doing a better job paying those bills on time — and it could be sign that inflation’s bite is easing.
Credit card debt surges to another record high, New York Fed data shows
U.S. consumers have more credit card debt than ever before, hitting a fresh record $1.17 trillion last quarter, according to New York Federal Reserve data.
Credit card debt hits record $1.17 trillion, New York Fed research shows
Collectively, Americans owe a record $1.17 trillion on their credit cards, according to a new report from the Federal Reserve Bank of New York. Still, credit card delinquency rates improved in the most recent quarter,
Americans borrowing more than ever as debt level hits record
Americans have racked up record levels of credit card debt, which is up 8 percent from a year ago. Many borrowers have fallen behind in paying their payments. NBC News' Christine Romans reports.
Americans fall further behind on debts, New York Fed finds
The country’s overall debt load reached a new peak of $17.9 trillion, thanks to across-the-board growth in mortgage, auto, credit card, education, and other consumer debt, according to Federal Reserve Bank of New York.
Household debt ticks up to $17.94T in Q3, New York Fed says
The total debt at U.S. households edged up 0.8% Q/Q to $17.94T in Q3. Meanwhile, the aggregate delinquency rate worsened during the quarter, according to data released by the Federal Reserve Bank of New York's Center for Microeconomic Data on Wednesday.
Trump's new 'Department of Government Efficiency'
Elon Musk, Vivek Ramaswamy, and the $35T national debt—entrepreneurs to the rescue
They're slated to lead Trump's Department of Government Efficiency, and it's a step in the right direction given the national debt crisis.
Trump taps Elon Musk, Vivek Ramaswamy to lead new 'Department of Government Efficiency'
The move comes after Musk became one of Trump's staunchest supporters, and biggest financial backers, during the last stage of his presidential campaign
Trump Names Elon Musk to Role for Creating Greater Government Efficiency
Tesla CEO and X owner Elon Musk speaks as Republican presidential nominee and former U.S. president Donald Trump looks on during a rally at the site of the July assassination attempt against Trump, in Butler,
Trump, Student debt
With Trump's win, student debt relief is in question. Here's what to know.
President-elect Donald Trump has called the Biden administration's student loan relief efforts a "total catastrophe."
Student Loan Debt Relief Has Been A 'Lifeline' For Borrowers, Survey Says
KEY TAKEAWAYS The COVID-19 federal student loan payment pause helped many borrowers during the depths of the pandemic, according to a news survey from the government's consumer finance watchdog.After payments restarted in 2023,
What Trump's second term could mean for student debt in Texas
About 2.34 million borrowers' location is not reported; Map: Alex Fitzpatrick/Axios President-elect Trump could do away with his predecessor's years-long efforts to erase student debt. Why it matters: Collectively,
20h
on MSN
Household Debt at New Record Is Squeezing Low-Income Americans
US household debt climbed to a fresh high last quarter, with rising incomes leaving many consumers able to manage the burden, ...
9h
on MSN
Americans’ debt is growing — but so are incomes
Americans are continuing to pile on debt at record levels — but for many households, those IOUs are completely manageable, ...
56m
He was struggling as debt swallowed his newspaper. His 'immortal' Lincoln MKS saved him.
The fourth-generation owner of a small newspaper in Iowa worked through tough times by thinking of the autoworkers who built ...
Reuters
18h
NY Fed says household debt up in third quarter as rising incomes ease debt burden
NEW YORK, Nov 13 (Reuters) - Rising income levels helped Americans manage their expanding
debt
loads during the third ...
Marketplace
13h
Household debt is up, but Americans are in a better spot to pay it
Household
debt
in the U.S. ticked up slightly in the third quarter of 2024, reaching nearly $18 trillion, according to data ...
3h
Banks to Pitch Roughly €11 Billion Buyout Debt Deal for Grifols
Banks are getting ready to submit final offers to Brookfield Asset Management for a debt package of about €11 billion ($11.6 ...
17h
Red sweep may speed US debt ceiling deal, stoke long-term bond worries
A unified government under Donald Trump may offer investors reprieve from the bruising battles around the U.S. debt ceiling ...
Al Jazeera English
12m
How did Kamala Harris’s campaign rack up a debt after record fundraising?
Now, as the dust settles on her failed bid, following her November 5 defeat to Donald Trump, a storm threatens to kick off ...
1h
on MSN
Germany's debt brake has resulted in huge lack in investment, says founder of think tank Dezernat Zukunft
Glöckner, the founder and managing director of the think tank Dezernat Zukunft, discusses problems with Germany's debt brake ...
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