A report from the Federal Reserve shows household debt levels have climbed to all-time highs, led by a record jump in credit card debt—and a rise in defaults.
A new report from Bankrate shows that average retail credit interest rates have soared to all-time highs amid the Federal Reserve’s interest rate hikes.
Macy’s has said that credit card delinquencies among its customers have risen sharply, while warning that American consumers seem to have hit a rough patch—with more pain likely to come.