Credit card delinquency rates hit worst level since 2012 in new Fed study

A growing number of Americans are falling behind on their monthly credit card payments as they continue to battle high inflation and interest rates.New data published by the Federal Reserve Bank of Philadelphia shows that credit card delinquency rates in the first quarter of 2024 rose to the highest level since 2012, when the Fed began tracking the data. All stages of credit card delinquency — 30, 60 and 90 days past due — rose during the first three months of the year.The proportion