Total consumer debt in the U.S. surpassed a historic $17 trillion in the first quarter of this year, with nearly $1 trillion of that amount racked up on credit cards.
The pursuit of the American dream remains a fundamental goal for millions of individuals in New York City. However, an alarming trend of mounting credit card debt is putting this dream at risk.
Rossman told FOX 5 New York that the historic hike in credit card debt could put that American dream on pause.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Consumer debt passes $17 trillion for the first time despite slide in mortgage demandThe total for borrowing across all categories hit $17.05 trillion, an increase of nearly $150 billion, or 0.9% during the January-to-March period.
Read more »
For first time ever, Americans carrying more than $17 trillion in debtAmericans' debt levels continue to climb to new heights at a time when economic conditions are becoming increasingly less stable.
Read more »
For first time ever, Americans carrying more than $17 trillion in debtAmericans' debt levels continue to climb to new heights at a time when economic conditions are becoming increasingly less stable.
Read more »
For first time ever, Americans carrying more than $17 trillion in debtAmericans' debt levels continue to climb to new heights at a time when economic conditions are becoming increasingly less stable.
Read more »
For first time ever, Americans carrying more than $17 trillion in debtAmericans' debt levels continue to climb to new heights at a time when economic conditions are becoming increasingly less stable.
Read more »
Americans' debt surpasses $17 trillion for the first time | CNN BusinessAmericans' debt levels continue to climb to new heights at a time when economic conditions are becoming increasingly less stable.
Read more »