Main content
US credit card debt hits $1 trillion
New York Fed research says the last year has seen the biggest increase in credit card debt since it started tracking such data in 1999.
New York Fed research says the $154 billion increase in credit card debt is the biggest since it started tracking such data in 1999.
Credit card borrowing levels have been rising every quarter for the past two years to reach $1.08 trillion.
Sam Fenwick speaks to the New York Fed and finds out how risky this debt is with interest rates so high.
(Picture: A woman carries shopping bags during the holiday season in New York City, U.S., December 21, 2022. Credit: REUTERS/Eduardo Munoz/File Photo)
Last on
Tue 7 Nov 2023
22:32GMT
大象传媒 World Service & 大象传媒 Afghan Radio
Broadcast
- Tue 7 Nov 2023 22:32GMT大象传媒 World Service & 大象传媒 Afghan Radio