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U.S. credit card debt hits new record high

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Summary
Nutrition label

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.

VR Score

68

Informative language

67

Neutral language

56

Article tone

informal

Language

English

Language complexity

32

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