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Target Boycott Fallout & Historic Credit Card Debt | 5.31.23
Morning Wire
The Impact of Interest Rates on Credit Card Debt
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Just one in three Americans say they pay their credit card balance in fully two months. Overall consumer debt hits $17 trillion last quarter, another all time high. The number of people 60 days or more behind on auto loans has increased over 20 percent year over year. Severe delinquencies are at their highest since 2006.
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