"The FDIC shows how CRE concentration risk lives in banks *under* $100 billion—but the big office losses have been have been absorbed by the banks over $100bn."@stevenkelly49 pic.twitter.com/guwin1ehhn
— Daily Chartbook (@dailychartbook) May 29, 2024
🚨CRASH ALERT 🚨
update :
Compare May 13th VS today.
Scary ?
You decide. t.co/3oGfjOUW2Q pic.twitter.com/JIhWyqEgSx
— The Great Martis (@great_martis) May 29, 2024
Young Borrowers Struggle as Credit Card Debt Hits 14-Year High
Credit card debt is becoming a growing concern for the economy, with severe delinquencies rising to 10.7% in the first quarter, the highest in 14 years, as reported by the Federal Reserve Bank of New York. Younger borrowers are particularly struggling as interest rates hit a 23-year high. Total credit card debt increased to $1.12 trillion from just under $1 trillion a year ago, signaling potential risks to consumer spending.