Credit card delinquencies pile up for younger borrowers

PA-credit cards
By Jennifer Kang
15 May 2019

Credit card delinquency rates are increasing as user demographics shift to include a higher percentage of younger consumers, according to data from the Federal Reserve.

Delinquency rates of 90 or more day among 18-29 year-olds rose to 8.05% this quarter, the highest levels since early 2011, according to the Fed's quarterly report published on this week. That is a slight increase from 7.34% seen this time last year and 7.5% seen in ...

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