NEW YORK (Reuters) – Extra folks in america look like struggling to maintain up with their bank card and scholar mortgage debt, which may put stress on one of many strongest drivers of financial development.

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

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 significantly late is on the rise, in response to Federal Reserve Financial institution of New York information launched on Tuesday.

U.S. client…

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