American borrowers continue to grapple with rising prices and higher borrowing costs across all types of consumer debt. More Americans are carrying credit card balances month-to-month, with minimum payments rising with interest rates. Credit card delinquency rates have increased, especially for borrowers utilizing more than 60% of their available credit.
Inflation, High Interest Rates Put Borrowers on Shaky Ground
Published on July 26, 2024
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