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A Boring Dystopia@lemmy.world · 1 month ago

A record number of consumers are making minimum credit cards payments as delinquencies also rise

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A record number of consumers are making minimum credit cards payments as delinquencies also rise

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A Boring Dystopia@lemmy.world · 1 month ago

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The share of active holders just making baseline payments on their cards jumped to a 12-year high, a Philadelphia Federal Reserve report said.

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https://doctorow.medium.com/paying-consumer-debts-is-basically-optional-in-the-united-states-f4c3a3e411f4

A Boring Dystopia@lemmy.world

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