Economic Charts

90 Day Delinquency Alert: Credit Card Non Payment Spikes

Updated: Jun 29, 2024 | Published: Jun 29, 2024
Verified Investing
By Verified Investing
90 Day Delinquency Alert: Credit Card Non Payment Spikes

In another sign the U.S. economy is struggling, delinquency rates of over 90 days on credit cards jumped to its highest level since 2012 in data from the first quarter 2024. The number came in at 10.69% of all credit cards are delinquent over 90%. This is an extremely high number and one that likely went even higher in the second quarter of 2024.

To put it in perspective, the only time it was ever higher was between 2008-2012, during and just after the Great Recession/Financial Crisis.

At the breakneck speed delinquencies are rising, it is possible in late 2025 these rates could be at all-time highs.

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