Young Borrowers Struggle as Credit Card Debt Hits 14-Year High Credit card debt is becoming a growing concern for the economy, with severe delinquencies rising to 10.7% in the first quarter, the highest in 14 years, as reported by the Federal Reserve Bank of New York. Younger borrowers are particularly struggling as interest rates hit a 23-year high. Total credit card debt increased to $1.12 trillion from just under $1 trillion a year ago, signaling potential risks to consumer spending. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Druckenmiller Makes Bet on Gold Miners READ MORE ECB Resists Market Pressure for Interest Rate Cuts READ MORE Silver Has A LONG Way To Go READ MORE Convergence of Gold and Dollar: Precursor to Stock Market Downturn? READ MORE Oil Volatility Hits Multiyear Low as Threat of Mideast Conflict Lowers READ MORE Add a Comment Cancel replyYour email address will not be published.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