Credit Card Delinquency Rates Surge: Consumers Struggle as Inflation Rises

Consumers in Chicago, Illinois are seeing a rise in spending despite the gradual decrease in the inflation rate. Charlie Wise, senior vice president of global research and consulting at TransUnion, pointed out that prices are still increasing even though the inflation rate has dropped. However, it’s worth noting that prices are rising at a slower pace than before. The consumer price index, which is a key measure of inflation, has dipped from a pandemic-era peak …

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