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Posts Tagged: “ecoonomy”

October 9, 2023・Key Gold Headlines

Credit Card Spending Spikes Again as Big-Ticket Borrowing Goes Flat

American consumers continued to pile up debt on credit cards while borrowing for big-ticket items fell into the basement in August. This is the behavior of extremely financially stressed people.

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Americans Continue to Pay for Inflation With Credit Cards

Credit card debt continues to spiral higher as consumers struggle with rising prices and depleted savings. In August, revolving credit increased by a staggering 18.1% as total consumer debt surged to a record $4.68 trillion, according to the latest consumer credit data from the Federal Reserve.