As more borrowers default on U.S. credit card debt, US credit card debt hits $1.25 trillion: Are Americans going back 18 years?
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June 12, 2026
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…