American Credit Card Debt Skyrockets
Connecticut and NJ were the States in the country with the highest average credit card balances as of the fourth quarter 2023, with close to nine thousand dollars in outstanding credit card balances. The delinquency rate on credit cards has gone up in 2023, over three percent of credit card holders are thirty days or more past due on their payments. As you can see from the above chart delinquencies soared in 2008, right after the housing market crash caused…