Credit-card debt declines for second straight month in June
127d ago
Business
MarketWatch
U.S. consumers are showing signs of spending restraint as credit-card debt decreased for the second consecutive month in June. This pullback may indicate a shift in consumer behavior due to factors such as inflation concerns or increased savings. The decline in credit-card debt could have broader implications for the economy, potentially affecting retail sales and overall economic growth. Economists are closely monitoring these trends to assess the sustainability of consumer spending in the coming months.