Almost 1 in 5 credit card users maxed out: Research | Morning in America
Francesco Abbruzzino, The Uncensored Report, LLC
Credit card delinquencies are on the rise, as research from the New York Federal Reserve shows nearly a fifth of borrowers are “maxed-out.” According to the bank’s Center for Microeconomic Data, household debt has also rose by 1.1 percent, or $184 billion, in the first quarter of the year.