The Rise in Credit Card Debt Delinquencies | St. Louis Fed
https://www.stlouisfed.org/publications/regional-economist/2023/aug/deja-vu-recent-rise-credit-card-debt-delinquencies
WebAug 14, 2023 · In 2022, 82% of U.S. adults had credit cards, of which 48% carried a balance. 1 When borrowers fail to make payments on balances they carry, their accounts become delinquent, which results in interest charges, fees and penalties to the borrower’s credit score. Severe delinquency results in account closure and loss of access to credit.
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