Economy

Spending is strong, delinquencies down from 2019

0


Stephen Squeri, chair and CEO of American Express, speaks during an Economic Club of New York event in New York on Nov. 10, 2022.

Stephanie Keith | Bloomberg | Getty Images

American Express CEO Stephen Squeri on Friday said the credit card company saw “good consumer spending” during the holidays and signs of strong overall health for U.S. spending.

In particular, delinquency rates were “lower than they were in 2019,” Squeri told CNBC’s Scott Wapner in an interview at the American Express PGA Tour event in La Quinta, California.

“Our customers are high-spending premium customers, and they are continuing to spend,” he said.

The signs of resilient consumer spending run somewhat counter to…



Source cnbc.com

0 0 votes
Article Rating

Consumer sentiment surges while inflation outlook dips, survey shows

Previous article

Two important events this week could determine the future of Fed rate policy

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Economy