Even Households Earning $150,000 a Year Are Struggling with Credit Card and Car Payments

Even households earning $150,000 a year are struggling with credit card and car payments

More high-income Americans are falling behind on their loan payments as the market for white-collar jobs cools.

The Bubble Is Bursting: Delinquency Rates Have Doubled And Credit Card Defaults Are Soaring

by Michael Snyder, The Economic Collapse Blog: Did you know that U.S. households are carrying $1.18 trillion in credit card debt? Considering the fact that the average rate of interest on credit card balances is now over 20 percent, that is not good news at all. Sadly, most of the country is just barely scraping […]

Even Top Earners Are Falling Behind on Credit Card and Car Payments

Upper-income Americans are increasingly falling behind on credit card and auto loan payments, signaling an underlying vulnerability in the US economy as the labor market slows.

The Bubble Is Bursting: Delinquency Rates Have Doubled & Credit Card Defaults Are Soaring – The Washington Standard

Did you know that U.S. households are carrying $1.18 trillion in credit card debt? Considering the fact that the average rate of interest on credit card balances is now over 20 percent, that is not good news at all. Sadly, most of the country is just barely scraping by from month to month in this very harsh economic environment, and turning to credit cards for some relief can be extremely tempting. A thousand dollar credit card balance can turn …

The Bubble Is Bursting: Delinquency Rates Have Doubled And Credit Card Defaults Are Soaring - The Falling Darkness

by Michael Did you know that U.S. households are carrying $1.18 trillion in credit card debt? Considering the fact that the average rate of interest on credit card balances is now over 20 percent, that is [...] The post The Bubble Is Bursting: Delinquency Rates Have Doubled And Credit Card Defaults Are Soaring appeared first on The Falling Darkness.

Even top earners are falling behind on credit card and car payments

Wealthier Americans are increasingly falling behind on credit card and auto loan payments, signaling an underlying vulnerability in the US economy as the labor market slows.