_american-credit-card-debt-surpasses-361-trillion-as-young-adults-struggle-to-cover-costs-of-housing-student-loans.jpg "American Credit Card Debt Surpasses $1 Trillion, as Young Adults Struggle to Cover Costs of Housing, Student Loans from level song Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:40
👁 View: 1.8M times
✓ Published: 17-May-2024
👁 View: 1.8M times
✓ Published: 17-May-2024
Description:
Americans owe over $1 trillion collectively in credit card debt, the Federal Reserve Bank of New York reported Tuesday. The average credit card balance per consumer exceeds $6,000, up 8.5% from the previous year. More borrowers are falling behind on credit card payments, with less than 9% of balances transitioning to delinquency. Serious delinquencies past 90 days reached their highest level since 2010. Younger adults have taken on more debt to cover the rising rent costs, student loans, and auto loans. Credit cards charging an average of 20% interest are typically the most expensive debt.
Americans owe over $1 trillion collectively in credit card debt, the Federal Reserve Bank of New York reported Tuesday. The average credit card balance per consumer exceeds $6,000, up 8.5% from the previous year. More borrowers are falling behind on credit card payments, with less than 9% of balances transitioning to delinquency. Serious delinquencies past 90 days reached their highest level since 2010. Younger adults have taken on more debt to cover the rising rent costs, student loans, and auto loans. Credit cards charging an average of 20% interest are typically the most expensive debt.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_flavour-levels-official-video.webp "Official Flavour")
_bigxthaplug-levels-official-audio.webp "BigXthaPlug")
_super-mario-bros-on-an-8x8-led-matrix.webp "This is a game project for S10-05833 - Gadgets, Sensors, and Activity Recognition in HCI taught by Scott Hudson at Carnegie Mellon University.I created a simple version of Super Mario Bros using an 8x8 LED matrix (one color), an Arduino Nano, two buttons for the input (forward and jump), and a piezo sensor hooked to a separate Arduino for the theme song.nnCredits:nScrolling code: Oomlout 8x8 Scrolling Message (http://oomlout.com/8X8M/8X8M-Guide.pdf)nLevel maps: Super Pixel Bros (http://bit.ly/")
_levels-official-video-124-sidhu-moose-wala-124-ft-sunny-malton-124-the-kidd-2023-124-new-viral-video-song.webp "KCMY Records")
LEVELS - Official Video | Sidhu Moose Wala | ft. Sunny Malton | The Kidd 2023 | New Viral video Song
⏲ 3 minutes 52 seconds 👁 2.8M
_reporter39s-guarantee-124-lok-sabha-elections-2024-congress-amethi-and-priyanka-gandhi.webp "In the face of issues like rising unemployment, inflation, and challenges of stray cattle - the people of Amethi talk about how the government has lacked behind at executing various welfare schemes on the ground level. Outlook's Tanul Thakur reports from Amethi.<br/><br/>Videographer: Vikram Sharma<br/><br/>Follow us:<br/>Website: https://www.outlookindia.com/<br/>Facebook: https://www.facebook.com/Outlookindia<br/>Instagram: https://www.instagram.com/outlookindia/<br/>X: https://twitter.com/Outlookindia<br/>Whatsapp: https://whatsapp.com/channel/0029VaNrF3v0AgWLA6OnJH0R<br/>Youtube: https://www.youtube.com/@OutlookMagazine<br/>Dailymotion: https://www.dailymotion.com/outlookindia<br/><br/>#Amethi #Raebareli #UttarPradesh #LokSabhaElections #RahulGandhi #PriyankaGandhi<br/>")
_levels-avicii-lyrics.webp "Pillow")
_9234level-9234-but-it39s-actually-a-soundtrack-remastered.webp "Dapper Husky")
_un-climate-change-high-level-champion-for-cop29-nigar-arpadarai-sets-scene-ahead-of-vital-summit.webp "What are Azerbaijan's hopes for the upcoming COP29 event in Baku?")
⏲ 3:0 👁 3.2M
_flavour-levels-official-video.jpg)
_bigxthaplug-levels-official-audio.jpg)
_super-mario-bros-on-an-8x8-led-matrix.jpg)
_levels-official-video-124-sidhu-moose-wala-124-ft-sunny-malton-124-the-kidd-2023-124-new-viral-video-song.jpg)
_reporter39s-guarantee-124-lok-sabha-elections-2024-congress-amethi-and-priyanka-gandhi.jpg)
_levels-avicii-lyrics.jpg)
_9234level-9234-but-it39s-actually-a-soundtrack-remastered.jpg)
_un-climate-change-high-level-champion-for-cop29-nigar-arpadarai-sets-scene-ahead-of-vital-summit.jpg)
![[+]](/images/menu.gif){kind=small}