CHART OF THE DAY: Credit Card Balances Hit Higher Highs

08/22/23 08:53AM EDT

Below is a chart and brief excerpt from today's Early Look written by Director of Research Daryl Jones.

Credit card balances are up some +17% Y/Y and interest rates on those balances are at all-time highs. The combination of two years of negative purchasing power and ballooning credit card balances ... now that is stressful!

CHART OF THE DAY: Credit Card Balances Hit Higher Highs - Picture3

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