Miner Company
Credit Cards Fuel Fastest Revolving Debt Growth Since 2022
Americans are again leaning more heavily on credit cards to finance everyday life. The Federal Reserve's latest G.19 consumer credit report showed consumer credit increased at a seasonally adjusted annual rate of 5.8% in March, a significant acceleration from February's 2.1% pace.
Americans are again leaning more heavily on credit cards to finance everyday life. The Federal Reserve's latest G.19 consumer credit report showed consumer credit increased at a seasonally adjusted annual rate of 5.8% in March, a significant acceleration from February's 2.1% pace.