Credit Card Debt Hits 10-Year High, Raising Concerns Before Holiday Shopping

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Average credit card balances top $6,000, a 10-year high, as delinquencies rise. “Balances jumped 15% from a year ago, according to a separate quarterly credit industry insights report from TransUnion, while the average balance per consumer hit $6,088, the highest in 10 years.”

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And we haven’t even hit the Christmas shopping season.

 

h/t SG

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