Americans Aged 18 to 29 have a 76% Higher Credit Card Delinquency Rate Compared to Other Groups

10/27/2022

Per CNBC

Credit card delinquency rates have increased .16% from its previous 5.32% in America with individuals aged 18 to 29 having a 76% higher delinquency rate compared to other groups at 9.36%.

Americans aged 50 and over have a delinquency rate below 5%. Credit card debt reached a close-to-a-trillion all-time high at $930 billion, surpassing the $870 billion peak during the financial crisis of 2008.

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