> Credit card delinquency rates... remain nearly a percentage point higher than they were on average in the year before the pandemic.
Just another journalist trying to scare you. All that happened is bad debt rose 1% compared to 5 years ago.
Just another journalist trying to scare you. All that happened is bad debt rose 1% compared to 5 years ago.
We might be on the cusp of a collapse, but the media (and HN commentators!) continue to predict 3465 out of the last 2 recessions.
> Credit card lenders wrote off $46bn in seriously delinquent loan balances in the first nine months of 2024, up 50 per cent from the same period in the year prior and the highest level in 14 years