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US Credit Card Debt Climbs to $1.26 Trillion Amidst 'K-Shaped' Divide
US credit card debt has risen to $1.26 trillion, reflecting a persistent 'K-shaped' economic divide, according to New York Fed research. This increase highlights growing financial disparities among consumers.
11 Aug, 10:21 — 11 Aug, 15:08
The Story
Analyzing sources…
Source Diversity
Source Diversity
Moderate (32/100)2 sources— more sources would strengthen this score15/33
Spectrum spread— 2/5 buckets covered8/33
Far L1
Far Left (1)
The Independent
Left1
Left (1)
cnbc
Center
Right
Far R
Geographic diversity— 2 regions9/34
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ℹOnly 2 sources cover this story
Sources
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cnbcMostly Factual4d ago
Credit card debt climbs to $1.26 trillion as ‘K-shaped’ divide persists, New York Fed research finds
Credit card balances are ticking higher mid-way through the year, according to a new report on household debt from the Federal Reserve Bank of New York.
Read full article →The IndependentMostly Factual5d ago
Should I grow my savings or clear my credit card debt first?
It’s vital to know how much your debt is costing you monthly - then work out the best way to pay that down
By Lori Campbell
Read full article →Coverage Timeline
First report: The Independent · 11 Aug, 10:21|Full coverage: 2 · 5h|Window: 5h
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