Tag Archives: prepandemic

Credit card trends continue normalizing in February, nearing prepandemic level (NYSE:BFH) – money.andronezia.com

MicroStockHub/iStock via Getty Images Credit card metrics for February were largely consistent with trends seen in recent months, continuing to normalize gradually, with the exception of Bread Financial (NYSE: BFHs). But the trend of charge-off and arrears is still there generally below pre-pandemic levels, Baird said. “Given the broader sell-off in finance, combined with healthy… Read More »

Americans’ credit-card balances just zoomed past prepandemic levels – money.andronezia.com

By Andrew Keshner Credit card debt of $986 billion in the fourth quarter has surpassed the pre-pandemic high of $927 billion, New York Fed researchers say. By the end of 2022, Americans were accumulating credit card debt at the fastest pace New York Federal Reserve researchers had ever seen, underscoring how many people are turning… Read More »