Revolving debt, which mostly includes credit card balances, jumped 8.2% in January, according to the Federal Reserve’s latest consumer credit report. Altogether, consumer debt, including student loans ...
Forbes contributors publish independent expert analyses and insights. Jim Osman is a finance expert with over 30 years of experience. Credit Cracks Are Spreading: Rising Delinquencies And Recession ...
Rising credit card delinquencies across all income levels signal broad consumer strain, despite strong headline economic data and record equity markets. Consumer spending is increasingly reliant on ...
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