Credit Card and Debt Statistics Database
by Scott Bilker |
Record High Debt |
In December 2007, revolving debt--an estimated 95 percent from credit cards--reached a record high of $943.5 billion, according to the Federal Reserve. The annual growth rate of this debt increased steadily in 2007, reaching 9.3 percent in the last quarter, up from 5.4 percent in the first quarter. |
|
Categories: |
Household Debt,Consumer Debt,Credit Card Debt |
|
Reporting Pub: |
New York Times |
|
Reporting Date: |
2/9/2008 |
|
Article
Title: |
Debt Relief Can Cause Headaches of Its Own |
|
Article
Author: |
Jane Birnbaum |
|
Pub's Source: |
The Federal Reserve |
|
Source
URL: |
View details from source |
|
|
|