Wednesday, 12 May 2021 04:13 GMT

Credit Card Debt Is Increasing

(MENAFN - ValueWalk)

Studying the health of the consumer is very difficult because there are so many stats which show different results. In fact, sometimes the same study can show support for opposing conclusions. Let's start by looking at the negatives, one of which is total credit card debt. As you can see from which uses Bureau of Economic Analysis data, the 5 year annualized real personal income growth net of government transfer payments has been decelerating sharply since February 2015.


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