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Current economic conditions and consumers’ drive to maintain a certain standard of living has led to a pervasive level of private debt across the economy, with 1 in 3 U.S. consumers owing more than $250,000 in outstanding debt, mostly made up by mortgages and auto...
The United States economy’s heavy reliance on domestic consumption has become more relevant than ever, with consumer credit card debt breaking the $1 trillion mark for the first time. Consumer drive to keep a certain standard of living — even if inflation and other factors push...
October 24, 2023
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if […]