Credit Crashing

Credit card losses are rising at the fastest pace since the Great Financial Crisis

Goldman Sachs predicts credit card losses will continue to climb through the end of 2024/early 2025.
What is unusual is that the losses are accelerating outside of an economic downturn, the firm said.
Credit card losses currently stand at 3.63%, up 1.5 percentage points from the bottom.

https://www.cnbc.com/2023/09/22/credit-card-losses-are-rising-at-the-fastest-pace-since-the-great-financial-crisis.html

AC