Americans Increasingly Can’t Afford Credit Card Payments as Delinquencies Hit Record Highs
By Tom Ozimek Americans are having growing difficulty making payments on their credit card debt, according to a new report from the Federal Reserve, which shows credit card delinquencies surging to a record high. The share credit card accounts with past due debt payments has reached all-time highs at every time horizon—30, 60, and 90 days—according to fourth-quarter 2023 data from the…
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