Political Meme Thread
- Thread starter oceantide83
- Start date
BREAKING: US credit card serious delinquency rates jumped to 7% in Q2 2024, the highest level since 2011.Since 2022, delinquencies of 90+ days have more than DOUBLED.At the same time, auto loan serious delinquencies surged to 3%, their highest in 14 years.Currently, there are ~600 million credit card accounts and ~110 million auto loan accounts in the US, according to the NY Fed data.That means 42 million credit cards and 3.3 million auto loan accounts are on the brink of default.Financial pressure on US consumers continues to rise.
