US credit card holders cannot pay

Amerikanska kreditkortsinnehavare kan inte betala sina skulder. Under de första nio månaderna 2024 steg antalet obetalda kreditkortsskulder till 46 miljarder, den högsta siffran sedan 2010.

US credit card holders can’t pay. In the first nine months of 2024, the number of unpaid credit card debts rose to 46 billion, the highest figure since 2010. The number of delinquent credit card debts has now increased by over 50% compared to the previous year. Delinquencies on seriously delinquent credit card loans have more than doubled in the last 2 years. Consumers with the lowest incomes were hit the hardest due to years of elevated inflation and interest rates. In addition, the savings rate for the bottom third is now 0%, according to Moody’s.

Source: FT, The Kobeissi Letter

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