This is very very bad …
Credit card balances that were 30 days or more past due rose to 8.9% in Q1.
In 2019 the rate was about 7.0%. Before the Great Recession, it was between 8.5% and 12% (red line).
“Other” consumer credit balances – personal loans, payday loans, and… pic.twitter.com/AyTzBgjI3N
— Wall Street Silver (@WallStreetSilv) May 17, 2024
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