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Warning lights flash for US consumer strength as credit defaults rise

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world US consumers are showing increasing signs of financial stress as they brace for higher prices from the Trump’s administration’s tariffs on imports, raising concerns about a crucial driver of the US economy.  In … Read more

U.S. credit card defaults are on the rise as debt levels increase and more make only minimum payments each month

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US credit card defaults jump to highest level since 2010

Stay informed with free updates Simply sign up to the US economy myFT Digest — delivered directly to your inbox. Defaults on US credit card loans have hit the highest level since the wake of the 2008 financial crisis, in a sign that lower-income consumers’ financial health is waning after years of high inflation. Credit … Read more

Defaults on leveraged loans soar to highest rate in 4 years

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US companies are defaulting on junk loans at the fastest rate in four years, as they struggle to refinance a wave of cheap borrowing that followed the Covid pandemic. Defaults in the global leveraged loan … Read more

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