News Formal

Coming Soon: The Big Credit Squeeze - Jacksonville Business Journal

  • 📰 JaxBizJournal
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Coming soon: The big credit squeeze

, the largest quarterly increase in 15 years, bringing the total household IOU in the U.S. to a record $16.5 trillion.

Delinquency rates, which determine a consumer’s inability to pay back debt in time, are increasing as well. But thanks to the pandemic, of 5,000 people shows people plan to buy an average of nine gifts this year compared with 16 last year. Total anticipated spending per household was $1,455, down from $1,463 a year ago.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 599. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coming Soon: The Big Credit Squeeze - Phoenix Business JournalAs the Federal Reserve tries desperately to bring down the rate of inflation, consumers are using a previously-used tactic to finance and offset higher costs – credit. The question is will they be able to pay back their debts?
Source: phxbizjournal - 🏆 254. / 63 Read more »