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American consumers are still buying like crazy, but the largest credit card companies are stashing funds away for a rainy day


//travel-leisure.news-articles.net/content/2025/ .. ies-are-stashing-funds-away-for-a-rainy-day.html
Published in Travel and Leisure on by Fortune   Print publication without navigation

Consumers continued to increase spending, according to quarterly earning reports.

The article from Fortune discusses the current state of consumer spending and credit card usage, highlighting that despite economic uncertainties, consumer spending remains robust, supported by a strong job market and wage growth. It points out that credit card debt has reached new highs, yet delinquency rates are low, suggesting consumers are managing their debt well. The piece also touches on the safety of banks, with major institutions like JPMorgan Chase and Citigroup being highlighted for their stability and preparedness for potential economic downturns. Jamie Dimon, CEO of JPMorgan Chase, is quoted expressing cautious optimism about the economy but warns about potential volatility in the stock market due to various global and domestic factors. Overall, the article conveys a sense of cautious optimism about the economy, with a focus on consumer behavior and the resilience of major financial institutions.

Read the Full Fortune Article at:
[ https://fortune.com/article/consumer-spending-credit-cards-bank-safety-jpmorgan-chase-citi-citigroup-jamie-dimon-stock-market-volatility/ ]

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