Debt Bomb! 12.7% of Credit Cards OVERDUE! Are YOU Next? Must See NOW!
Did you know 12.7% of credit card balances were 90 days or more overdue last quarter, the highest level since 2011? This alarming statistic highlights how relentlessly high prices have forced Americans to rely heavily on new credit cards and personal loans. Even as inflation moderates, the accumulated impact of costs 26% higher than pre-pandemic levels continues to burn consumers, driving a significant surge in borrowing, especially among those with lower credit scores. Consequently, an increasing number of people are struggling to make payments, leading to growing delinquency rates across the board. While new credit applications are expected to stabilize in 2026, many households are still navigating substantial debt. For more critical insights into managing your money and understanding these crucial economic shifts, make sure to subscribe to our channel.
Tags/Hashtags: #inflation #debt #borrowing #transunion #economy #transunion
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