Recent data from the Federal Reserve Bank of Philadelphia shows that credit card delinquency rates have reached their highest level since the start of the data series in 2012. This includes balances that are 30, 60, and 90 days past due.
Credit Card Balances past due reach highest level in more than 12 years pic.twitter.com/S122O5hGoD
— Win Smart, CFA (@WinfieldSmart) July 25, 2024
Sources:
www.nbcnews.com/business/consumer/credit-card-delinquency-rates-hit-nearly-12-year-high-rcna163466
www.philadelphiafed.org/surveys-and-data/2024-q1-large-bank
www.foxbusiness.com/economy/credit-card-delinquency-rates-hit-worst-level-since-2012-new-fed-study
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