Credit card defaults are now rising FASTER than the 2008 Financial Crisis

Credit card defaults are now rising FASTER than the 2008 Financial Crisis

The situation is worse than you think A thread

Readers added context they thought people might want to know

This chart shows default rates for banks not among the 100 largest in size by assets. fred.stlouisfed.org/series/DRCCLOBS Their card market share is very low. The largest 10 issuers account for >80% of outstanding credit card balances. cardrates.com/advice/credit-… For all commercial banks, default rates are still historically low. fred.stlouisfed.org/series/DRCCLAC…

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