WARNING SIGNS: US Credit Card Defaults Surge To Highest Levels Since 2008 Financial Crisis

Defaults on U.S. credit card loans have reached their highest point since the aftermath of the 2008 financial crisis, signaling growing financial distress among lower-income consumers, according to data from BankRegData. In the first nine months of 2024, lenders wrote off $46 billion in seriously delinquent credit card balances – a 50% increase from the […].   Read More in Israel NOWlej.