Credit Card Delinquencies At Record High

Credit card delinquencies at record high

Soaring unemployment and a shrinking economy drove delinquencies on credit card debt to an all-time high in the first quarter.

RELATED ARTICLES
  • US home sales rebound slightly in February
    U.S. home sales picked up slightly in February but remain sluggish due to tight inventories, affordability problems and nasty winter weather. More
  • Dollar rises above 100 yen for 1st time in 4 years
    The dollar has risen above 100 yen for the first time in more than four years as currency traders persist in selling the Japanese currency in reaction to Tokyo's aggressive credit-easing moves. More
  • Obama to open middle-class jobs, opportunity tour
    Aiming to show he's still focused on creating jobs, President Barack Obama is beginning a series of quick trips around the country to resurrect ideas from his State of the Union address that became overshadowed by the intense debates over gun control, immigration and automatic spending cuts. More
  • Retailers report modest gains for April
    Americans spent briskly during the early spring months in the latest sign that they’re encouraged by the economic recovery. Falling gas prices, a rallying stock market and gains in the job market all fueled Americans’ shopping habits even as cold weather tempered their desire to buy spring fashions. More
  • US home building is surging, but job growth isn't
    The resurgent U.S. housing market has sent builders calling again for Richard Vap, who owns a drywall installation company. Vap would love to help - if he could hire enough qualified people. "There is a shortage of manpower," says Vap, owner of South Valley Drywall in Littleton, Colo. More
BING NEWS:
  • Regional Management Corp. Announces First Quarter 2024 Results
    Regional Management Corp. (NYSE: RM), a diversified consumer finance company, today announced results for the first quarter ended March 31, 2024.
    05/1/2024 - 9:15 am | View Link
  • Fed holds interest rates steady, gives no sign it will cut soon as inflation fight stalls
    The Federal Reserve meets this week for the first time since high inflation readings dampened hopes that it will cut rates three times this year.
    05/1/2024 - 2:26 am | View Link
  • High Fed Rates Are Not Crushing Growth. Wealthier People Help Explain Why.
    High rates usually pull down asset prices and hurt the housing market. Those channels are muted now, possibly making policy slower to work.
    04/30/2024 - 4:31 am | View Link
  • 25 States That Are Struggling the Most with Credit Card Debt
    In this piece, we will take a look at the 25 states that are struggling with the most credit card debt. If you want to skip our coverage of how credit card debt really ties in with the stock market ...
    04/28/2024 - 11:20 am | View Link
  • Credit Card Delinquencies Soar to Highest Levels in Over a Decade
    Americans are increasingly struggling to keep up with their credit card payments as high interest rates and persistent inflation strain ...
    04/23/2024 - 2:54 am | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More U.s. News