_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 student and medam hot 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: 1.9M times
✓ Published: 17-May-2024
👁 View: 1.9M 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
_ary-news-5-am-headlines-19th-may-2024-124-polling-for-by-election-in-na-148-multan-today.webp "#Multan #Byelection #NA148 #Headlines #kyrgyzstan #bishkek #pmshehbazsharif #nawazsharif #imrankhan <br/><br/>ARY News 5 AM Headlines 19th May 2024 | Polling for By-election in NA-148 Multan today<br/>")
_mob-violence-in-bishkek-indian-and-pakistani-students-brutally-attacked-in-kyrgyzstan-explained.webp "The Indian embassy in Bishkek, Kyrgyzstan, advised Indian students to stay indoors amid reports of mob violence against international students. Recent violence escalated after footage of a brawl between Egyptian and Kyrgyz students surfaced. The Indian embassy is in communication with the students and provided a helpline. External Affairs Minister S Jaishankar confirmed monitoring the situation, urging students to remain in touch with the embassy. <br/> <br/>#Bishkek #IndianStudent #StudentAttack #IndianStudentAttacked #Kyrgyzstand #Jaishankar #Indianews #Pakistannews #Worldnews #Oneindia #Oneindianews <br/>~PR.320~HT.318~GR.123~ED.155~")
⏲ 3:31 👁 610K
_kyrgyzstan-clash-pakistani-student-shocking-revelations-124-ary-breaking-news.webp "#Kyrgyzstan #breakingnews #pakistanistudents <br/><br/>Kyrgyzstan Clash: Pakistani Student Shocking Revelations | ARY Breaking News <br/>")
_ary-news-5-pm-headlines-21st-may-2024-124-attorney-general-ko-jumma-tak-mohlat.webp "#headlines #islamabadhighcourt #imrankhan #AhmadFarhad #ebrahimraisi<br/><br/>۔CASA-1000: Pak-Tajik FMs for early implementation of project<br/><br/>Follow the ARY News channel on WhatsApp: https://bit.ly/46e5HzY<br/><br/>Subscribe to our channel and press the bell icon for latest news updates: http://bit.ly/3e0SwKP<br/><br/>ARY News is a leading Pakistani news channel that promises to bring you factual and timely international stories and stories about Pakistan, sports, entertainment, and business, amid others.<br/><br/>Official Facebook: https://www.fb.com/arynewsasia<br/><br/>Official Twitter: https://www.twitter.com/arynewsofficial<br/><br/>Official Instagram: https://instagram.com/arynewstv<br/><br/>Website: https://arynews.tv<br/><br/>Watch ARY NEWS LIVE: http://live.arynews.tv<br/><br/>Listen Live: http://live.arynews.tv/audio<br/><br/>Listen Top of the hour Headlines, Bulletins & Programs: https://soundcloud.com/arynewsofficial<br/>#ARYNews<br/><br/>ARY News Official YouTube Channel.<br/>For more videos, subscribe to our channel and for suggestions please use the comment section.")
_ary-news-1-am-headlines-22nd-may-2024-124-ihc-orders-recovery-of-missing-poet-ahmed-farhad-by-friday.webp "#islamabadhighcourt #headlines #pervaizelahi #imrankhan #pmshehbazsharif #wheatscandal #raufhassan <br/><br/>ARY News 1 AM Headlines 22nd May 2024 | IHC orders recovery of missing poet Ahmed Farhad by Friday<br/>")
⏲ 10:17 👁 20K
_ary-news-1-am-headlines-19th-may-2024-124-cm-punjab-maryam-nawaz39s-huge-announcement-for-lahore.webp "#maryamnawaz #nawazsharif #cmpunjab #headlines<br/><br/>ARY News 1 AM Headlines 19th May 2024 | CM Punjab Maryam Nawaz's Huge Announcement for Lahore<br/>")
⏲ 10:11 👁 35K
_ary-news-5-pm-headlines-19th-may-2024-124-wheat-scandal-latest-update.webp "#wheatscandal #wheatimport #nab #headlines <br/><br/>Complaint filed with NAB seeking probe into wheat scandal<br/><br/>Kyrgyzstan Violence: Deputy PM Dar denies reports of Pakistani students death<br/><br/>Punjab bans wheat smuggling to KP, flour millers criticize<br/><br/>Political instability won’t bring economic stabilization: Mushahid<br/><br/>PM Shehbaz directs arrangements to bring back Pakistani students from Kyrgyzstan<br/><br/>PDMA issues heatwave alert for Punjab<br/><br/>Follow the ARY News channel on WhatsApp: https://bit.ly/46e5HzY<br/><br/>Subscribe to our channel and press the bell icon for latest news updates: http://bit.ly/3e0SwKP<br/><br/>ARY News is a leading Pakistani news channel that promises to bring you factual and timely international stories and stories about Pakistan, sports, entertainment, and business, amid others.")
_antiwar-student-protesters-at-uc-berkeley-begin-dismantling-encampment-after-reaching-agreement-over-university39s-inves.webp "An encampment of anti-war student protesters at UC Berkeley was dismantled after the university agreed to review its financial investments related to Israel. Protesters had called for divestment from weapons manufacturers and surveillance companies with ties to Israeli military operations in Gaza. While the university can't independently divest, the Chancellor agreed to support examining investments and initiate a \")
Related Video Searches
Back to Search
Search Videos
Recent Searches
×
(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!)
_ary-news-5-am-headlines-19th-may-2024-124-polling-for-by-election-in-na-148-multan-today.jpg)
_mob-violence-in-bishkek-indian-and-pakistani-students-brutally-attacked-in-kyrgyzstan-explained.jpg)
_kyrgyzstan-clash-pakistani-student-shocking-revelations-124-ary-breaking-news.jpg)
_ary-news-5-pm-headlines-21st-may-2024-124-attorney-general-ko-jumma-tak-mohlat.jpg)
_ary-news-1-am-headlines-22nd-may-2024-124-ihc-orders-recovery-of-missing-poet-ahmed-farhad-by-friday.jpg)
_ary-news-1-am-headlines-19th-may-2024-124-cm-punjab-maryam-nawaz39s-huge-announcement-for-lahore.jpg)
_ary-news-5-pm-headlines-19th-may-2024-124-wheat-scandal-latest-update.jpg)
_antiwar-student-protesters-at-uc-berkeley-begin-dismantling-encampment-after-reaching-agreement-over-university39s-inves.jpg)
❮❯
1 / 10
2 / 10
Play 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!)
3 / 10
4 / 10
5 / 10
6 / 10
7 / 10
8 / 10
9 / 10
10 / 10
![[+]](/images/menu.gif){kind=small}