US credit card defaults soar to highest level in 14 years

By Yahoo! Finance   |   1 year ago
US credit card defaults soar to highest level in 14 years

Alarm is raised as credit card loan defaults in the US surged to a 14-year high, reaching $46 billion in 2024. Experts warn of a looming crisis due to record consumer debt and increasing delinquencies, particularly among lower-income households.

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