Tag: low-income earners
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Credit card delinquencies rise, especially for low-income earners
Credit Card Delinquencies Rise, Especially for Low-Income Earners The financial pressures caused by the ongoing COVID-19 pandemic have led to a concerning rise in credit card delinquencies, that too, predominantly among low-income earners. This situation poses a significant threat to the already vulnerable financial stability of these individuals and raises questions about the broader implications…