News@lemmy.worldEnglish · 1 year ago

Credit card balances spiked in the third quarter to a $1.08 trillion record. Here's how we got here

www.cnbc.com

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Credit card balances spiked in the third quarter to a $1.08 trillion record. Here's how we got here

www.cnbc.com

Lee Duna@lemmy.nz to

News@lemmy.worldEnglish · 1 year ago

Strong consumer spending boosted credit card balances to a new record high in the third quarter, according to the Federal Reserve Bank of New York.

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1 year ago
tl;dr: increased credit card usage

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