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DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Americans are facing a significant increase in credit card debt, reaching $1 trillion. Inflation has contributed to this surge, leading to concerns about a potential recession. The overall charge-off rate has risen from 19 bp to 60 bp, the highest in over a decade. Despite surging delinquencies, US credit card investors remain unfazed.
Why US credit card investors are shrugging off surging delinquencies https://t.co/LoUVz3zKZP | opinion
How America racked up a $1 trillion credit card bill https://t.co/nfZDQZy4gp
"The overall charge-off rate has been steadily climbing from its post-pandemic record low of 19 bp two years ago to 60 bp in Q4 – the most in over ten years." @NDR_Research https://t.co/EQvQilPk9R
