Credit card debt hits record high
Credit card debt hit a record $1.21 trillion — here's why 'no one should be surprised,' expert says
Collectively, Americans now owe a record $1.21 trillion on their credit cards, according to a new quarterly report on household debt from the Federal Reserve Bank of New York. Credit card balances jumped by $45 billion in the fourth quarter of 2024, driven in part by holiday spending, and are now 7.3% higher than a year ago.
BEIJING (Reuters) -New bank loans in China surged more than expected to a record high in January as the central bank moved to ...
The 6 trillion yuan debt-swap plan announced by the National People’s Congress Standing Committee is a timely, measured and targeted approach. In stimulus signal, China’s top legislature mulls ...
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