Chart of the Week: Credit Card Delinquencies

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
X/Twitter: https://twitter.com/ProTraderToday

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