The percentage of credit card loans in serious delinquency has risen to the highest in over a decade.Top meme coins have dropped 20% in four weeks.
The percentage of credit card loans in serious delinquency, with balances outstanding for more than 90 days, increased to 10.69% in the first quarter, the highest since second-quarter 2012,by the New York Federal Reserve showed. While balances declined by $14 billion to $1.12 trillion during the first quarter, they're still 13.1% higher than the year before.
Source: Financial Digest (financialdigest.net)
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