Jan 11, 2024,03:19pm EST
https://www.forbes.com/sites/billhardekopf/2024/01/11/this-week-in-credit-card-news-more-americans-drowning-in-card-debt/?sh=7f382f0f2204
"Nearly 30% of Americans Behind on Debt Payments in Largest MetrosAmerican households racked up a record $17.29 trillion in debt last year, driven by mortgage, credit card and student loan balances, according to the latest numbers from the Federal Reserve Bank of New York. Now, fresh data indicates an alarmingly high percentage of consumers began falling behind on their payments at the same time. A new study released by LendingTree found 29.6% of residents in the nation's 100 largest metros were behind on at least one debt payment during the third quarter of 2023, and 27.3% had serious delinquencies that were over 90 days past due or more. More than a quarter, 26.2%, had debt in collections.
[Fox Business]"
Bank of America, Citi, Wells Fargo, Report earnings tomorrow on NYSE open
Jan 11, 2024,03:19pm...
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