Credit card accounts 90 days or more behind on payments rose to 13.12 percent in this year’s first quarter, the most since 2011 during the throes of the Great Recession, according to the Federal Reserve Bank of New York.
Category: TRENDS ON THE U.S. ECONOMIC FRONT – Jun 2 2026
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U.S. CONSUMERS ARE ABOUT TO RUN OUT OF CASH, ECONOMISTS WARN
With money from tax refunds ebbing and the Iran War’s energy shock permeating the economy, American consumers will enter a cash crunch in coming months, economists and business leaders are warning.
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MARKET OVERVIEW
The three major U.S. stock indexes all closed last week at record highs after setting new intraday records as well.