News@lemmy.world · 6 hours ago

A record number of consumers are making minimum credit cards payments as delinquencies also rise

www.cnbc.com

cross-posted to:
aboringdystopia@lemmy.world

A record number of consumers are making minimum credit cards payments as delinquencies also rise

www.cnbc.com

return2ozma@lemmy.world to

News@lemmy.world · 6 hours ago

cross-posted to:
aboringdystopia@lemmy.world

The share of active holders just making baseline payments on their cards jumped to a 12-year high, a Philadelphia Federal Reserve report said.

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✅ drain everyone’s bank account with higher prices.

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