America’s Debt Crisis Just Got Worse | Is 2008 Happening Again? #shorts #viral #nifty #usa

America’s Debt Crisis Just Got Worse | Is 2008 Happening Again? #shorts #viral #nifty #usa

U.S. consumers are struggling to make credit card payments, with delinquencies surging to levels not seen in 15 years, according to a report.

Credit Card Delinquencies Reach Multi-Year High
According to an X post by The Kobeissi Letter on Monday, "US consumers are falling behind debt at a crisis pace."

Serious credit card delinquencies rose 0.4 percentage points to 13.1% in the first quarter, the highest level since the fourth quarter of 2010 and just below the 2010 peak of 13.7% in the wake of the 2008 financial crisis.

Source: FirstSquawk, yahoo finance

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US Consumers Are Cracking: Debt Defaults Hit 15-Year High!
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Credit Card Debt Explosion: Is a Financial Crash Coming?
Why Experts Are Worried About America's Debt Right Now
2008 All Over Again? The Debt Numbers Are Alarming
America’s Financial Stress Is Rising Fast – Here's Why
Millions Falling Behind on Loan Payments – What Happens Next?

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