Credit Card Delinquency Rate
Monitor U.S. credit card delinquency rates. At their highest since the Great Financial Crisis, rising delinquencies signal broad consumer financial stress.
Current Value
Trigger Level: >4% = GFC-level consumer stress
Historical Trend
AI Analysis
Today's credit card delinquency rate stands at 2.9%, remaining flat over the past three weeks with no change from the historical range of 2.92%. This stability indicates a lack of immediate deterioration in consumer credit health; however, the elevated level suggests rising stress in the consumer sector, particularly as it approaches the critical threshold of 4% that signals significant financial strain. While the current rate does not indicate an imminent recession, the flat trajectory at an elevated level warrants close monitoring, as any upward movement could signal increasing recession risk.
What is the CC Delinquency?
The credit card delinquency rate measures the percentage of credit card balances that are 30+ days past due across all U.S. commercial banks. Released quarterly by the Federal Reserve, it directly reflects consumer financial health.
Why It Matters for Recession Risk
Rising credit card delinquencies are a canary in the coal mine for consumer stress. When households can't make minimum payments, it signals income pressure that will eventually reduce spending — the engine of 70% of GDP.
Historical Context
Credit card delinquencies reached 6.8% during the 2008 crisis. Current rates above 4% have risen to the highest since the GFC and are broad-based across income levels, suggesting systemic consumer stress.
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US National Debt
Track the total US national debt in real time. Rising federal debt constrains fiscal policy options during recessions and signals long-term economic risk.
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