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Credit CounselingPBS
•70% Informative
People 35 and under are struggling more than other age groups to pay their bills.
The share of credit card debt that’s severely delinquent rose to 10.7% during the first quarter of 2024 .
Experts advise speaking with a nonprofit credit counselor and negotiating with your creditors directly.
The increase in delinquencies appears to be outpacing income growth.
A worsening of the economy could push those consumers into severe delinquency.
Retail spending stalled in April as people cut back.
Walmart has said its customers are spending more on necessities and less on discretionary goods.
Starbucks lowered its sales expectations, and McDonald’s is offering more deals.
VR Score
80
Informative language
86
Neutral language
16
Article tone
semi-formal
Language
English
Language complexity
52
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
no external sources
Source diversity
no sources
Affiliate links
no affiliate links