Credit card debt is at record high as Fed raises rates again

credit card debt is already at a record high, and more people are carrying debt month to month.

Early in the pandemic, when DeJesus lost his job, he said that unemployment payments, stimulus checks, and child tax credits all helped him stay afloat. Now, withHe’s not alone: 46% of people are carrying debt from month to month, up from 39% a year ago, according to Bankrate.com, an online financial information site.

Roughly 4 in 10 adults in households making under $100,000 a year say their debt is up, compared with about a quarter in households making more than that. About half of Black and Latino adults say their household debt has increased, compared with about 3 in 10 white adults.With conditions changing by the hour, traditional economic data points — typically released monthly or quarterly with a lag — prove less helpful. Here are some better ways to gauge economic health.

Biden's economic destruction plan is working.

It’s the Biden economy, inflation, gas prices, and food costs, A year ago, you could go to the grocery store with a hundred bucks and come out with a bunch of bags. Now, I come out with just one bag.

And the blamer in chief Biden is not even mentioned. They were at it again today - lying about the state of the economy. KJ-P: The federal govt delivered..decisive and forceful actions to strengthen public confidence in the U.S. banking system and protect..American economy

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Live Fed updates: Federal Reserve will announce key rate decision Wednesday afternoonThe Federal Reserve will announce its decision on interest rates Wednesday afternoon. Markets anticipate the central bank will enact a 25 basis point rate hike. Come guys lets short the fvuk out of American stocks Powell. .come on ..we need interest rate rise 1 percent please Lets short the fvuk out of American stock market
Source: CNBC - 🏆 12. / 72 Read more »

Jacksonville-based Jax Federal Credit Union rebranding as RadiFi Credit UnionJax Federal Credit Union announced plans to fully rebrand the financial institution, including changing its name to RadiFi Credit Union, by late spring 2023.
Source: Florida Times-Union - 🏆 600. / 51 Read more »

Federal Reserve hikes rates despite fallout from SVB collapseThe Federal Reserve announced an interest rate hike, even as fears abound over the stability of the financial system in the wake of the collapse of Silicon Valley Bank. Wow, interest rates are now the highest they have been since 2007. So much for buying a new car or house anytime soon. ¯\\_ (ツ)_/¯ federalreserve
Source: dcexaminer - 🏆 6. / 94 Read more »

Federal Reserve Hikes Rates by 25 Basis PointsThe federalreserve hiked rates another 25 basis points, but acknowledged the banking system's troubles, saying recent developments are likely to weight on the economy and inflation. bitcoin remains little-changed at $28.4K. SteveAlpher reports federalreserve SteveAlpher Shocking .... time to hedge ... good for crypto Thanks a millon federalreserve SteveAlpher Dump Ponzicoin btc
Source: CoinDesk - 🏆 291. / 63 Read more »

Federal Reserve raises interest rates 0.25%, intensifying inflation fight despite banking fearsTHIS JUST IN: Federal Reserve raises interest rates by 0.25%, intensifying inflation fight despite banking fears. Details here:
Source: abc7newsbayarea - 🏆 529. / 51 Read more »