Retail News

Credit card debt climbs as Americans up spending

Reuters/U.S. News & World Report 09/27/2021

Fifty-nine percent of Americans say they are currently carrying more credit card debt than they were at the beginning of the pandemic. The Federal Reserve Bank of New York’s “Quarterly Report on Household Debt and Credit” found that the amount of purchases paid for with credit cards rose $17 billion in the second quarter. It marked the first time that figure went up after four straight quarter of declines.

MORE ON THIS STORY...

MORE RETAIL NEWS HEADLINES...

Discussions
Check out RetailWire's Engaging Online Discussions Featuring Our Exclusive Braintrust!