The Rate of Credit Card Balances 90 Days Past Due Has Almost Doubled Since 2022, Yet New Delinquencies Remain Unchanged.
Since 2022, the proportion of credit card accounts that are 90 days overdue has seen a dramatic increase, nearly doubling, which points to increasing financial pressures on consumers. In contrast, the number of new delinquencies has remained stable, indicating that while there are more existing overdue debts, new instances of late payments have not surged…