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Tag: credit card delinquencies

  • Credit card delinquencies rise, especially for low-income earners

    Credit card delinquencies rise, especially for low-income earners

    Credit Card Delinquencies Rise, Especially for Low-Income Earners The financial pressures caused by the ongoing COVID-19 pandemic have led to a concerning rise in credit card delinquencies, that too, predominantly among low-income earners. This situation poses a significant threat to the already vulnerable financial stability of these individuals and raises questions about the broader implications…

  • Millennial credit card delinquencies rise: New York Fed

    Millennial credit card delinquencies rise: New York Fed

    Millennial Credit Card Delinquencies Rise: New York Fed The New York Federal Reserve announced today that credit card delinquencies among millennials have shown a concerning rise in recent months. This data indicates a troubling trend among younger individuals facing financial difficulties. According to the New York Fed’s report, the delinquency rate for millennials – defined…