Flashing Red Alert: Near Record Surge In Credit Card Debt Just As Rates Hit All Time High
January 09, 2023 at 15:33 PM EST
Another month, another glaring reminder that most US consumer spending is funded by credit cards. The latest consumer credit report was published by the Fed today at 3pm and it showed that in November, total credit increased by $27.962BN to $4.757 trillion, above the $25BN consensus estimate, and a number which would have been bigger […] Source
