Credit Card Debt Jumps to Two-Decade High as U.S. Economy Tumbles


stock market crash bear economy worthy ministries 2(Worthy News) – Americans are running up credit card debt at historic levels as they struggle with soaring inflation.

Credit card balances increased by 15 percent in the third quarter compared with last year, according to the Federal Reserve Bank of New York, marking the largest jump in more than 20 years.

“With prices more than 8 percent higher than they were a year ago, it is perhaps unsurprising that balances are increasing,” Fed economists said in the report. “Notably, credit card balances have grown at nearly double that rate since last year.” [ Source: Washington Free Beacon (Read More…) ]

19
people are currently praying.

💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Discuss this article in our forums

Follow us on X

Latest Worthy News

Pakistan Christians Demand Justice After Custody Death, Girl Abduction (Worthy News In-Depth)
FBI Finds Americans Lose Billions To Cryptocurrency Scams
Trump Agrees With Iran On Two-Week Ceasefire; Israel Still Intercepting Missiles
Iran Executes Teenage Musician In Expanding Crackdown On Dissent (Worthy News Investigation)
US Vice President JD Vance Backs Orbán, Slams EU Ahead Of Hungary Vote (Worthy News In-Depth)
IDF Establishes ‘Anti-Tank Line’ in Southern Lebanon as Buffer Zone Expands
Pentagon Seeks $4.5 Billion to Rebuild Tomahawk Missile Stockpile Amid Rising Global Tensions
Russia, China Block U.N. Action as Iran Disrupts Global Oil Route
Explosions Rock Iran’s Key Oil Hub as U.S. Strikes Reported by Iranian Media, Israeli Source Confirms
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News