As consumer delinquencies rise, U.S. economic growth increasingly powered by the wealthy – NBC Chicago

The U.S. economy continues to show strength, with low unemployment and stable inflation, but a growing wealth divide is becoming more pronounced as higher-income individuals drive spending. Lower-income Americans are facing financial difficulties, resulting in increased credit card debt and delinquencies. While there is cautious optimism, signs of consumer stress are evident, with credit card performance showing concerning trends.

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