Rising Rates Sounding Alarm Bells for Debt-Laden U.S. Consumers

Spending on U.S. general purpose credit cards surged 9.4 percent last year, to $3.5 trillion, according to industry newsletter Nilson Report. Card delinquencies are also rising. U.S. household debt climbed in the fourth quarter at the fastest pace since 2007, according to the Federal Reserve.

 

 

https://www.bloomberg.com/news/articles/2018-04-02/rising-rates-sounding-alarm-bells-for-debt-laden-u-s-consumers

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