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US Credit Card Debt Hits $1.26T as K-Shaped Consumer Divide Widens

Yahoo Personal Finance Read original source (opens in a new tab)
The Story

News Summary

  • U.S.
  • credit card balances hold near record levels at $1.26 trillion, highlighting a widening K-shaped economy.
  • While higher-income households leverage available credit, lower-income consumers face tightening lending standards and reduced credit access from major financial institutions.
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