I think you're putting the cart before the horse: the rise looks to have been constant, punctuated by then leveling off and falling, of which we currently see only the barest hint
we're looking at the 90+ day default line chart? 2008 saw an increase from sub 8% (which seems to be the norm) to 13%. 2023 was at 7% and we're right now sitting at 13% again. there are no other significant swings in credit card debt
Okay, I see what you're saying. Since the web can't be bothered to make links work anymore, the link just takes you to the first chart (total debt) rather than the third one (delinquencies)
Comments
I think you're putting the cart before the horse: the rise looks to have been constant, punctuated by then leveling off and falling, of which we currently see only the barest hint
we're looking at the 90+ day default line chart? 2008 saw an increase from sub 8% (which seems to be the norm) to 13%. 2023 was at 7% and we're right now sitting at 13% again. there are no other significant swings in credit card debt
Okay, I see what you're saying. Since the web can't be bothered to make links work anymore, the link just takes you to the first chart (total debt) rather than the third one (delinquencies)