Chart of the Week: Credit Card Delinquencies

Christian DeHaemer

Posted February 9, 2024

Chart of the Week (COW)

Credit Card Delinquencies are Jumping

Young adults are getting into serious trouble with their credit cards.  We haven’t seen a surge like this since the Great Recession.

Credit card debt is at a record high of $1.13 trillion up $50 billion in just the quarter.  Delinquencies are also hitting highs last seen in 2011.  Visa (V) is hitting all time highs of $277 a share.

All the best,

Christian DeHaemer
Pro Trader Today