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Story summary
- The Federal Reserve reported credit card arrears rose to 13% of U.S. household accounts in Q1.
- The personal savings rate fell to 2.6% in April, the lowest in two decades.
- Fidelity said 19.2% of 401(k) accounts had loans and 2.5% made hardship withdrawals in Q1, up from a year earlier.
- Walmart CFO John David Rainey said fuel purchases fell below 10 gallons for the first time since 2022 after gasoline prices surged.
