As more borrowers default on U.S. credit card debt, US credit card debt hits $1.25 trillion: Are Americans going back 18 years?
A report from the Federal Reserve Bank of New York shows that U.S. consumers’ credit card payment delinquency rates have reached their highest level since the 2008 financial crisis. In the first quarter of 2026, approximately 13% of U.S. credit card balances were at least 90 days past due. This is the highest delinquency level … Read more