Credit card delinquencies highest in 14 years, unpaid balances 90+ days, consumer spending under threat.
Once the plastic is maxed, how do people buy anything?
There's about to be a MASSIVE explosion, of all these people's student loan debt, credit card debt, and new BNPL debt hitting at once. I'm positioned pretty well in collections for that reason
The real problem is financial literacy, but if they are going to lose money anyway..— Empyrean (@HouseEmpyrean) August 31, 2025
US CREDIT CARD TROUBLES RISE: MORE PEOPLE HAVEN’T PAID BILLS FOR 3+ MONTHS — WORST IN 14 YEARS
— First Squawk (@FirstSquawk) September 1, 2025
According to Money Metals, “Serious delinquencies… rose to 2.8 percent of total debt, a 52 percent increase year-on-year.” https://www.moneymetals.com/news/2025/08/26/economic-stress-credit-card-delinquencies-are-on-the-rise-even-among-those-with-prime-credit-004294 Subprime accounts over 90 days delinquent are up 109%. Even prime borrowers — the supposedly safe ones — are falling behind. A 47% spike in late payments among top-tier credit holders. The contagion isn’t isolated. It’s systemic.