Credit card delinquencies climb
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Credit card delinquencies are sitting at 13% so far this year. Itβs the highest national rate since the tail-end of the Great Recession. The aftermath of the COVID-19 pandemic, including high inflation and job uncertainty, is partially to blame. Also in this episode: Home equity lines of credit become more popular as traditional borrowing rates climb, small business owners are cautious but optimistic β and trying to hire β and Kyla Scanlon explains economic nihilism.
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Read the stories in todayβs episode:
- Younger consumers are turning to “little treats” in the face of economic nihilism
- Why lines of credit have become a preferred piggy bank for homeowners
- Credit card delinquencies approach Great Recession levels
- China is shaping the technology of the future. Where does that leave the U.S.?
- Small business owners are feeling uncertain but optimistic
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