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Almost 1 in 5 credit card users maxed out: Research | Morning in America
Credit card delinquencies are on the rise, as research from the New York Federal Reserve shows nearly a fifth of borrowers are “maxed-out.” According to the bank’s Center for Microeconomic Data, household debt has also rose by 1.1 percent, or $184 billion, in the first quarter of the year. #creditcards #debt #FederalReserve