2023-09-04 17:55:10
par Dominique Dewitte
posted on Monday 04 September 2023 at 19:55 •
4 min read
US inflation may be heading in the right direction, but the mountain of debt accumulated by households following the pandemic continues to grow. For the first time in history, Americans have accumulated over $1 trillion in credit card debt, with a default rate of 3.8%. Defaults for auto loans and consumer loans are also at a 10-year high.
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