US Credit Card Debt Soars To $1,140,000,000,000 As Bank of America CEO Issues Warning on ‘Depleting’ American Consumer

Americans are holding more household debt than ever before as one of the biggest banks in the country warns of a weakening US consumer. According to a report from the New York Fed, US credit card debt just hit $1.14 trillion. On the whole, Americans have more student loan, mortgage, credit card and home equity […] source: https://dailyhodl.com/2024/08/18/us-credit-card-debt-soars-to-1140000000000-as-bank-of-america-ceo-issues-warning-on-depleting-american-consumer/