Warning Signs Flash as Americans Squeeze Pennies Ahead of Holidays
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Credit card delinquencies are rising as more Americans fall behind on payments
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Personal savings rate dropped to just 3.4% in September, well below pre-pandemic levels
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Consumer confidence declined for 3 months in a row amid inflation and rate hike concerns
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Consumers planning to spend less this holiday season compared to last year
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Retail holiday hiring slumped to lowest level in 5 years, signaling weaker sales expectations