Showing posts with label Failed (2024). Show all posts
Showing posts with label Failed (2024). Show all posts

Monday, July 29, 2024

How is America Doing Under Kamala Harris and Joe Biden? Not so good! Credit Card Data Identifies The Economic Fail

Title: Credit card balances past due reach highest level since at least 2012: Philly Fed

Article Snip: "percentage of credit card balances past due reached the highest levels since at least 2012. ...New card originations also fell on a Y/Y basis, falling by $3.8B, or 3.6%. Number of accounts fell by 3.4M, or 17%, Q/Q and by 1.3M accounts, or 7.4%, Y/Y.

Mortgage originations bottomed out at a series low at $44.4B and 80,100 accounts in Q1 2024, the study said. However, with the price of houses continuing to climb, the average new loan size rose to $554,450. The median new mortgage size increased 9.6% to $335,000...
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Reference: www.msn.com