Credit Card Debt

American households now have an average of $10,170 credit card debt, as record numbers say they are worried about being cut off from access to loans.

More worrying is that banks and financial institutions are cutting back on lending, and not just personal lending:

Meanwhile a separate survey by the Fed revealed 60 percent of respondents found it more difficult to access credit - the highest level since the data series began in June 2013.

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