“Average credit card balances jump 10% to a record $6,360, and more consumers fall behind on payments”
February 20, 2024
“…Americans now owe $1.13 trillion on their credit cards, the Federal Reserve Bank of New York reported Tuesday.
Balances jumped 10% from a year ago, according to a separate quarterly credit industry insights report from TransUnion, with the average balance per consumer hitting $6,360, also a historic record…”
This cant end well. Do not carry debt unless you have the ability to leverage it. If you don’t know what I’m talking about then you probably shouldn’t have any debt at all.