FRED Blog | Interesting graphs from the FRED library
•Three measures of US credit card debt
Summary
Nutrition label
85% Informative
Outstanding credit card balances in the U.S. surpassed $1 trillion for the first time in 2023 .
This milestone has raised concerns about the health of household finances.
In 2023 Q3, balances were 18.2% higher than at the start of the recession in 2020 Q1 .
VR Score
93
Informative language
94
Neutral language
80
Article tone
formal
Language
English
Language complexity
40
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
long-living
External references
2
Source diversity
2
Affiliate links
no affiliate links