Credit Card Delinquency Rates Hit 12-Year High
New data showed that the share of credit card balances that are past due reached the highest level since the Philadelphia Federal Reserve began tracking it in 2012, indicating that people are struggling to pay off their credit card debt even as many trim their spending. What do you think?
“I have the money! It’s just tied up in credit card debt right now.”
Gina Griffin, Recipe Distributor
“Surely opening a few more credit cards will delay this crisis until I’m rich.”
Cliff Joppek, Signage Commissioner
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“This only sounds like a problem for people who rely on goods and services.”
Miguel Gomez, Preschool Recruiter
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