Wall Street Rebounds, Stock Futures Up
This is a news story, published by MSN, that relates primarily to The New York Fed news.
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•U.S. credit card debt hits new record high
63% Informative
Wall Street is likely to open higher today after three days of declines.
Americans now owe a record $1.14 trillion on their credit cards.
Credit card debt has risen by $27 billion in the second quarter , or around plus 6% from a year ago .
The New York Fed says borrowers may have overextended during the pandemic and those debts are now getting harder to service both candidates.
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