Household debt has risen to $18.39 trillion, slightly below the 2008 peak, with delinquency rates at 4.4%. Credit card balances have climbed to $1.21 trillion, a 2.3% increase. Economic indicators present a mixed landscape; while the stock market remains robust and consumer spending increased by 0.3%, job growth is declining, and inflation is rising. Reports show rising overall household debt and potential distress among borrowers with lower credit scores, sparking concern about economic stability.
Household debt has risen to $18.39 trillion, with elevated delinquency rates at 4.4%. Credit card balances hit $1.21 trillion, indicating increased financial strain.
Economic conditions are mixed, with strong stock markets and consumer spending contrasted by weakening job growth and rising inflation concerns affecting household finances.
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