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Credit Card Delinquencies Surged in 2023 | Boleman Law

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Credit Card Delinquencies Surged in 2023, Indicating ‘Financial Stress,’ New York Fed Says

Credit card delinquencies surged more than 50% in 2023 as total consumer debt swelled to $17.5 trillion, the New York Federal Reserve reported on February 6th, 2024.

Debt that has transitioned into “serious delinquency,” or 90 days or more past due, increased across multiple categories during the year, but none more so than credit cards.

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