Consumer stress escalates as the share of credit card holders making only minimum payments hit a 12-year high in the third quarter of 2024. The share of credit card holders making minimum payments ...

Meanwhile, a similar report from personal finance site NerdWallet found that 48% of Americans who have credit card debt say paying for necessities is a reason they carry a balance. While income has ...

A Record Number of Consumers Are Making Minimum Credit Card Payments as Delinquencies Also Rise ...

Many economists have felt relief over continued GDP growth. But ongoing data releases suggest that the foundation of the economy — consumer spending — isn’t sustainable.

The number of credit card accounts that had a late payment of more than 30 days jumped to 3-1/2 percent, which is double the lows seen when ...

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