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 Silver Institute: Global Silver Demand Forecasted to Rise to 1.2 Billion Ounces In 2024 READ MORE Markets on Edge: Continuing Coverage of Regional Banking Crisis READ MORE Investors Flock to Gold as Middle East Tensions Escalate, Dollar Tumbles READ MORE Gold Faces a Lackluster January with a Close Eye on the Fed READ MORE Record-Breaking Rally: Gold Prices Soar on Economic Easing and Safe-Haven Demand READ MORE Add a Comment Cancel replyYour email address will not be published.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