Collectively, Americans owe $1.12 trillion on their credit cards, the Federal Reserve Bank of New York reported Tuesday. The average credit card balance is now $6,218, a new report by TransUnion found.The average balance per consumer stands at $6,218, up 8.5% year over year, according to a separate quarterly credit industry
According to TransUnion's research, "serious delinquencies," or those 90 days or more past due, reached the highest level since 2010.Shoppers embrace 'girl math' to justify luxury purchases
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