MIAMI — The Federal Reserve Lender of New York suggests credit history card financial debt strike a new substantial of $1.1 trillion from October through December.
LendingTree suggests the regular unpaid credit score card harmony was extra than $6,800 in the fourth quarter.
But some economists say the credit card debt stage is not as alarming as it could possibly feel.
They say workers are even now commanding robust wage gains, the inventory market place is on reliable footing, and attitudes towards the economic climate have enhanced considerably in latest months.
Economists also say immediately after modifying for inflation, the current amount is virtually 20 percent below the peak it attained in late 2008.
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