Lee Duna@lemmy.nz to

News@lemmy.worldEnglish · 1 year ago

Credit card balances spiked in the third quarter to a $1.08 trillion record. Here's how we got here

cross-posted to:
[email protected]

177

Credit card balances spiked in the third quarter to a $1.08 trillion record. Here's how we got here

Lee Duna@lemmy.nz to

News@lemmy.worldEnglish · 1 year ago

cross-posted to:
[email protected]

Strong consumer spending boosted credit card balances to a new record high in the third quarter, according to the Federal Reserve Bank of New York.

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jordanlund@lemmy.world
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1 year ago
Oh yeah, it wasn’t this bad when we started using them 2 years ago, but inflation is hitting everything.

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