Rising Costs Push Nearly 9% of Credit Card Balances into Delinquency An increasing number of Americans are struggling to keep up with credit card payments, with 8.9% of balances falling into delinquency over the past year, according to the Federal Reserve Bank of New York. Rising costs and high interest rates are putting pressure on consumers, especially those under 30 and in low-income neighborhoods. Nearly 20% of cardholders are “maxed out,” using 90% or more of their credit limit, which significantly raises the risk of falling behind on bills. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Experts Predict Continued Upside for Silver and Gold Despite Recent Dip READ MORE Fed's Bostic Warns: No Quick Path to Interest Rate Cuts READ MORE Yen's Volatility Complicates BOJ's Rate Hike Plans, Minutes Show READ MORE Towards Global De-dollarization: Iran Advocates for BRICS Digital Currency in 2024 READ MORE China's Gold Demand Lags Behind Global Trends in August READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment