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Subprime Credit Card Delinquencies Spike To Record High, Surpass Financial-Crisis Peak

Subprime Credit Card Delinquencies Spike To Record High, Surpass Financial-Crisis Peak

Feb 25, 2020 | Debt, Economy

The rate of credit card balances that are 30 days or more delinquent at the 4,500 or so commercial banks that are smaller than the top 100 banks spiked to 7.05% in the fourth quarter, the highest delinquency rate in the data going back to the 1980s (red line). But at...

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Critical Report • Free Download

The Saudis want to break free from U.S. influence and hedge their bets with China and the Russians

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