NEW YORK (Reuters) – Extra individuals in america seem like struggling to maintain up with their bank card and scholar mortgage debt, which might put strain on one of many strongest drivers of financial progress.

FILE PHOTO: Federal Reserve Board constructing on Structure Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis/File Photograph/File Photograph

U.S. bank card balances grew to $868 billion within the second quarter, from $848 billion within the earlier three months, and the proportion of these balances severely late is on the rise, in accordance with Federal Reserve Financial institution of New York knowledge launched on Tuesday.

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