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
