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Philippines , Thursday 16 April 2026

Americans Put More on Credit Cards as Inflation Boosts Costs, Fed Data Show

Published on: Tuesday 10 May 2022

Americans Put More on Credit Cards as Inflation Boosts Costs, Fed Data Show (Bloomberg) -- Americans are putting more on their credit cards and taking out fewer mortgages, as they need to increasingly borrow to cover the higher cost of everyday essentials and respond to rising interest rates.Most Read from BloombergMarcos Jr. Leads With 61% of Votes Counted: Philippines UpdateStocks Bounce Back in Countdown to Key CPI Data: Markets WrapDon’t Bother Paying Off Student Loan Debt Right Now, Advisers SayBiden Team Sees China Tilt Aided as Putin Falters in UkraineStocks Sink


News source: https://finance.yahoo.com/news/americans-put-more-credit-cards-150054467.html

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