Mortgage and student loan balances saw ‘small decline’ with increases elsewhere, says post alongside Fed report
Credit card debt in the United States is growing close to a record high, having creeped up from $54bn to $1.26tn between April and June compared with the same period last year, according to a report by the Federal Reserve Bank of New York.
That figure is just shy of last year’s record high of $1.28tn.
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This article was originally published by The Guardian and written by Coral Murphy Marcos.
Read original article on The Guardian