Credit card defaults in the United States have surged to their highest level since 2010, according to recent data. This increase is concerning for lenders and regulators.
Key details of this trend include a significant rise in delinquencies, which are payments received after the due date. Experts attribute this surge to increasing financial stress among consumers.
The FT provides in-depth coverage of this issue, offering expert analysis and insights into its causes and consequences.
Source: https://www.ft.com/content/c755a34d-eb97-40d1-b780-ae2e2f0e7ad9