Starting to Feel the Pain?

🚨BREAKING : CONSUMER Crisis as Credit Card Delinquency 📈

**Near Historic Peaks:** U.S. rates hit 94.8% of their peaks of 2008.

– Nationwide Impact: All regions saw at least a 32.2% increase in delinquent debt.

– Richest Hit Hard: Delinquency in wealthy ZIP codes rose 54%. pic.twitter.com/5LJzbDM5P8

— The Coastal Journal (@1CoastalJournal) June 11, 2024

JUST IN: US consumer credit jumped by $6.4 billion to a record $5.05 trillion in April.

Credit card debt was roughly unchanged at all-time highs of $1.34 trillion.

In just 3 years, credit card debt has surged by $368 billion, or 38%.

Meanwhile, credit card debt serious… pic.twitter.com/eIedLxFZh5

— The Kobeissi Letter (@KobeissiLetter) June 11, 2024