🚨 CREDIT CARD DELINQUENCIES JUST HIT A 15-YEAR HIGH 🚨
In Q1 2026, serious credit card defaults surged +0.4% to 13.1% – the highest level since Q4 2010, just shy of the post-2008 financial crisis peak (13.7%).
Even more alarming: Since Q3 2022, serious delinquencies have skyrocketed +5.5 percentage points – a steeper climb than the +3.9 point rise seen during the 2007–2010 meltdown. 📉
Other red flags flashing 🚩:
Student loans (90+ days late): jumped +0.7% to 10.3% – highest since Q1 2020.
Auto loans (serious delinquencies): up +0.4% to 5.6% – an all-time record.
📉 U.S. consumers are falling behind on debt at a crisis-era pace. This isn't just a warning – it's a wake-up call.
#DebtCrisis #EconomyWarning #CreditCrunch
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