Credit card debt impacts retail — RetailDive.com

Retail sales might be impacted due to high levels of credit card debt. . .a holdover from the holiday shopping season:

“Retail sales in November and December, with some holiday sales pulled into October, beat many expectations this past season; half of consumers planned to fund their purchases with debt. Indeed, in the fourth quarter, credit card debt and delinquency rates surged, with card balances up by $50 billion over the period to reach $1.13 trillion, according to the Federal Reserve Bank of New York’s Center for Microeconomic Data.“

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