{"id":1377760,"date":"2023-08-09T12:45:35","date_gmt":"2023-08-09T12:45:35","guid":{"rendered":"https:\/\/www.wacoca.com\/anime\/1377760\/"},"modified":"2023-08-09T12:45:35","modified_gmt":"2023-08-09T12:45:35","slug":"credit-card-balance-of-u-s-jumps-above-1-trillion-for-the-first-time","status":"publish","type":"post","link":"https:\/\/www.wacoca.com\/anime\/1377760\/","title":{"rendered":"Credit Card Balance Of U.S Jumps Above $ 1 Trillion For The First Time"},"content":{"rendered":"<p><iframe loading=\"lazy\"  width=\"580\" height=\"385\" src=\"https:\/\/www.youtube.com\/embed\/k48WU1p45bU\" frameborder=\"0\" allowfullscreen><\/iframe><br \/>\n<br \/>\n#unitedstates #creditcard #america #newyork #debt #economy #inflation<br \/>\n#pandemic<br \/>\nThe US credit card debt has surged past an unprecedented $1 trillion, a historic high as reported by the New York Federal Reserve. Within the April-June period, credit card debt escalated over 4%, amassing an additional $45 billion in liabilities. This surge contributed to a record-breaking total household debt of $17.06 trillion, a $16 billion increase. Despite previous buffers of excess savings and pandemic-related forbearances, households face mounting strain due to rising costs and reduced savings, leading to an uptick in credit card delinquencies. With a delinquency rate of 7.2% for 30-day overdue credit card debt, the highest since 2012, pre-pandemic challenges resurface, posing concerns for commercial banks. Evolving financial dynamics encompass credit card debt, inflation, and income struggles, shaping current economic trends.<\/p>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<br \/>\nThank You for watching! Do not forget to Like | Comment | Share<br \/>\n&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<br \/>\nAbout the channel<br \/>\nWatch us for the best news and views on business, stock markets, crypto currencies, consumer technology, the world of real estate, bullion, automobiles, start-ups and unicorns and  personal finance. Business Today TV will also bring you all you need to know about mutual funds, insurance, loans and pension plans among others.<br \/>\nFollow us at:<br \/>\nWebsite: https:\/\/www.businesstoday.in<br \/>\nFacebook: https:\/\/www.facebook.com\/BusinessToday<br \/>\ntwitter:  https:\/\/twitter.com\/business_today<br \/>\nInstagram: https:\/\/www.instagram.com\/business_today\/<\/p>\n","protected":false},"excerpt":{"rendered":"<p>#unitedstates #creditcard #america #newyork #debt #economy #inflation #pandemic The US credit card debt has su<\/p>\n","protected":false},"author":4,"featured_media":1377761,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[593405],"tags":[593666,29884,793064,793059,793057,248830,793056,793074,136352,793068,313167,793060,793069,793072,676129,793062,793067,793073,59832,633831,491137,793066,76476,7906,793058,793063,793065,793061,793070,793071],"class_list":{"0":"post-1377760","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-2023-winter","8":"tag-2023-winter","9":"tag-america","10":"tag-americas-credit-card-debt","11":"tag-bttv","12":"tag-business-live","13":"tag-business-news","14":"tag-business-today","15":"tag-cibil-score","16":"tag-credit","17":"tag-credit-activity","18":"tag-credit-card","19":"tag-credit-card-debt","20":"tag-credit-card-delinquent","21":"tag-credit-card-issue-in-us","22":"tag-credit-cards","23":"tag-credit-debt","24":"tag-credit-report","25":"tag-debit-card","26":"tag-debt","27":"tag-g20","28":"tag-high-card","29":"tag-medical-debt","30":"tag-new-york","31":"tag-today","32":"tag-todays-business-news","33":"tag-u-s-credit","34":"tag-u-s-debt","35":"tag-us-credit-card-debt","36":"tag-us-debt","37":"tag-us-debt-crisis"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.wacoca.com\/anime\/wp-json\/wp\/v2\/posts\/1377760","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.wacoca.com\/anime\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wacoca.com\/anime\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wacoca.com\/anime\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wacoca.com\/anime\/wp-json\/wp\/v2\/comments?post=1377760"}],"version-history":[{"count":0,"href":"https:\/\/www.wacoca.com\/anime\/wp-json\/wp\/v2\/posts\/1377760\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wacoca.com\/anime\/wp-json\/wp\/v2\/media\/1377761"}],"wp:attachment":[{"href":"https:\/\/www.wacoca.com\/anime\/wp-json\/wp\/v2\/media?parent=1377760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wacoca.com\/anime\/wp-json\/wp\/v2\/categories?post=1377760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wacoca.com\/anime\/wp-json\/wp\/v2\/tags?post=1377760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}