Credit card lenders have written off $46 billion in seriously delinquent loan balances in the first three quarters of 2024, a significant increase of 50% from the same period last year. The data, cited by BankRegData and reported on by media outlets, highlights the growing concerns about credit card debt.
Source: https://seekingalpha.com/news/4391402-credit-card-charge-offs-hit-highest-level-since-2010-report