Credit card debt increases by $50B to new record high

Submitted by Anonymous (not verified) on Thu, 02/08/2024 - 21:55
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 The Hill is reporting that credit card debt in the United States increased by $50 billion in the fourth quarter of 2023, according to recent findings from the New York Federal Reserve. 
Will this increase in credit card debt result in more personal bankruptcy filings?
The story can be found at https://thehill.com/business/4451222-credit-card-debt-increased-by-50b-new-record-high/
Jim Shenwick, Esq  917 363 3391  [email protected] 
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We held individuals & businesses with too much debt!