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 Market Rebounds on Positive Jobless Data, Boosting Major Indexes READ MORE BullionStar In the News – Mediacorp Channel 8 April 17th, 2024 READ MORE Gold Hovers Near $2,400 as Rate Cut Expectations Grow READ MORE ECB's Second Rate Reduction Signals Gradual Shift in Monetary Policy READ MORE Gold Resilient as Safe-Haven Demand Counterbalances Rising Dollar READ MORE Add a Comment Cancel replyYour email address will not be published.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