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The Water Cooler
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The GOP strikes again
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<blockquote data-quote="SlugSlinger" data-source="post: 3827338" data-attributes="member: 7248"><p>Updated Tue, Jul 26 2022</p><p>[URL unfurl="true"]https://www.cnbc.com/select/us-credit-card-debt-hits-all-time-high/[/URL]</p><p></p><h3>Credit card debt in the U.S. hits all-time high of $930 billion—here’s how to tackle yours with a balance transfer</h3><h3>U.S. credit card debt hit a record $930 billion with younger Americans having the highest delinquency rate.</h3><h2>Quick facts: Credit card debt and delinquency rates</h2> <ul> <li data-xf-list-type="ul">U.S. credit card debt hit an all-time high of $930 billion</li> <li data-xf-list-type="ul">Debt surpassed the $870 billion peak during the 2008 financial crisis</li> <li data-xf-list-type="ul">Credit card delinquency rates increased .16% from the prior quarter to 5.32%</li> <li data-xf-list-type="ul">Younger Americans (18 to 29) have a 76% higher delinquency rate than anyone else</li> </ul><h3>U.S. savings rate hits lowest level since 2008 — here's why economists aren't concerned</h3><p><a href="https://www.yahoo.com/author/myles-udland" target="_blank">Myles Udland</a>May 27, 2022</p><p>With inflation surging and pandemic-related stimulus rolling off the books, U.S. savers are under pressure.</p><p></p><p>In April, the U.S. <a href="https://finance.yahoo.com/news/stock-market-news-live-updates-may-27-2022-112320787.html" target="_blank">personal savings rate fell to 4.4%</a>, the lowest since September 2008, according to data from the Commerce Department published Friday.</p><p></p><p>[URL unfurl="true"]https://finance.yahoo.com/news/us-savings-rate-hits-lowest-level-since-2008-144126366.html[/URL]</p></blockquote><p></p>
[QUOTE="SlugSlinger, post: 3827338, member: 7248"] Updated Tue, Jul 26 2022 [URL unfurl="true"]https://www.cnbc.com/select/us-credit-card-debt-hits-all-time-high/[/URL] [HEADING=2]Credit card debt in the U.S. hits all-time high of $930 billion—here’s how to tackle yours with a balance transfer[/HEADING] [HEADING=2]U.S. credit card debt hit a record $930 billion with younger Americans having the highest delinquency rate.[/HEADING] [HEADING=1]Quick facts: Credit card debt and delinquency rates[/HEADING] [LIST] [*]U.S. credit card debt hit an all-time high of $930 billion [*]Debt surpassed the $870 billion peak during the 2008 financial crisis [*]Credit card delinquency rates increased .16% from the prior quarter to 5.32% [*]Younger Americans (18 to 29) have a 76% higher delinquency rate than anyone else [/LIST] [HEADING=2]U.S. savings rate hits lowest level since 2008 — here's why economists aren't concerned[/HEADING] [URL='https://www.yahoo.com/author/myles-udland']Myles Udland[/URL]May 27, 2022 With inflation surging and pandemic-related stimulus rolling off the books, U.S. savers are under pressure. In April, the U.S. [URL='https://finance.yahoo.com/news/stock-market-news-live-updates-may-27-2022-112320787.html']personal savings rate fell to 4.4%[/URL], the lowest since September 2008, according to data from the Commerce Department published Friday. [URL unfurl="true"]https://finance.yahoo.com/news/us-savings-rate-hits-lowest-level-since-2008-144126366.html[/URL] [/QUOTE]
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