Credit Card Default Trends: How It Could Impact the U.S. Economy in 2026 and Beyond
Credit card debt in America reached a staggering milestone. Balances crossed $1.17 trillion in the third quarter of 2024. This number represents more than just statistics. It signals a fundamental shift in consumer credit behavior that could reshape our economic landscape. Recent data from the Federal Reserve System reveals a troubling pattern. Delinquency rates on…