Jakarta - the height of living expenses in the midst of a spike in U.S. inflation (US) makes most of its citizens withdraw credit card debt. U.S. household debt exceeds US$ 16 trillion or Rp 240,000 trillion in quarter l-2022.
Credit card loans also add US$ 46 billion or Rp 690 trillion. In the last year, U.S. credit card debt was also up 13% or US$ 100 billion. The credit card debt can increase more because of the interest rate.
The Federal Reserve Bank of New York, or the U.S. central bank in New York explains a spike in credit card debt is high in inflation. "The impact of inflation is clearly in the high-loan volume," writing researchers The Fed New York quoted from CNN, Thursday (4 / 8 / 2022).
