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US Credit Card Debt Hits All-Time High, Delinquencies at 13-Year Peak
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US Credit Card Debt Hits All-Time High
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Credit card debt in the United States has reached an all-time high, with serious delinquencies (90+ days) spiking to 11.13%, the highest level in 13 years. This rapid increase in delinquencies is the fastest since the Financial Crisis. Economists and financial experts are warning consumers about the dangers of credit card debt, advising on strategies to manage and reduce their liabilities. News outlets across the country are highlighting the issue, offering insights on how individuals can navigate this financial challenge.