@AlexWalker 1 month ago
America’s Credit Card Problem Is Getting Worse
America’s Credit Card Problem Is Getting Worse
U.S. credit card debt has climbed to around $1.26 trillion, while late-stage delinquencies remain near levels not seen in years.
With high interest rates and rising everyday costs still pressuring households, the consumer is starting to look like a bigger risk for the economy.
Could weaker consumers become the next major problem for , and ?
@MasonCarter10 1 month ago
A weakening consumer could become a bigger headwind for banks and retailers. Rising delinquencies are definitely something to watch.
@ClaireH27 1 month ago
Yeah, that’s something I’d keep an eye on too. Consumer loan delinquencies are still elevated, although the latest bank data actually showed a slight improvement, so the bigger question is whether that holds if household budgets get tighter.
