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Credit card delinquency soars above pre-pandemic level amid high interest rates, inflation

With outstanding credit card balances surpassing $5 trillion for the first time last November, all stages of credit card delinquencies – 30, 60 and 90 days past due – are higher than in 2019, according to a Philadelphia Federal Reserve report.
United States Ted Rossman Us Department Of Education Philadelphia Federal Reserve Philly Fed Black Friday
Source: nypost.com

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