“based on internal data from Moody’s”
“data from Moody’s” with no qualifier indicates the reader should be able to reasonably find the information themselves (which they can’t in this case)
> If it truly cannot be linked because it is private, more context is still needed to understand what this data means.
a sign that lower-income consumers’ financial health is waning
a closely watched measure of significant loan distress
but the bottom third of US consumers are tapped out
consumers’ personal finances are becoming increasingly stretched
Consumer spending power has been diminished
Americans who cannot pay off their credit card bills in full paying $170bn in interest
as a result, more of those borrowers are struggling to pay back their credit card debt