The Wall Street Journal
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Credit Card Delinquencies Are Skyrocketing. Now What?
Posted
March 13, 2023
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8,168
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March 13, 2023
8,168
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3:03Now PlayingCredit-card debt hit a record high in 2022 thanks to rising prices and declining savings for Americans. Even with the unemployment rate at the lowest since 1969, U.S. consumers are starting to fall behind on payments, with delinquencies projected to rise at the fastest pace in more than a decade. That has some potentially ominous consequences for the U.S. economy.
I’m Dion Rabouin, a WSJ reporter covering markets and the economy. I’ll be diving into all things finance, from the popular and well-known — like crypto and stocks — to the complex and intricate — like leveraged loans, derivatives and private equity. Subscribe to join me as I take a deep dive into what’s making money move and why it matters.
#Debt #CreditCard #DionRabouin
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