New York
Credit card delinquencies surged in 2023, indicating 'financial stress,' New York Fed says
Debt that has transitioned into "serious delinquency," or 90 days or more past due, increased across the board during the year,
Credit card delinquencies surged more than 50% in 2023 as total consumer debt swelled to $17.5 trillion, the New York Federal Reserve reported Tuesday.
Debt that has transitioned into "serious delinquency," or 90 days or more past due, increased acro... [2681 chars]
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