25 States That Are Struggling the Most with Credit Card Debt [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
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Source: Yahoo! Finance
If you want to skip our coverage of how credit card debt really ties in with the stock market and the main economic indicators that investors are currently on the watch out for, then you can skip ahead to the 10 States That Are Struggling The Most With Credit Card Debt The consumer spending environment as we head to the second half of the year is quite different from the one in early 2022. Right now, while interest rates are higher, inflation is significantly down from its peak levels. Yet, food inflation is still present, and with higher rates, consumers are feeling the pinch of expensive credit card debt payments. Credit card rates are at historically high levels, so much so that 2024 has set a new peak since the Federal Reserve started its records in 1994. In fact, and as officials at the Fed are likely to be aware as well, had it not been for a robust market and a remarkably resilient labor market, then rates would have had to drop in order to sustain some spending in the econ
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JPM
Earnings
- 4/12/24 - Beat
JPM
Sec Filings
- 5/15/24 - Form 424B2
- 5/15/24 - Form 424B2
- 5/15/24 - Form 424B2
- JPM's page on the SEC website