Credit card delinquencies surged in 2023, indicating ‘financial stress,’ New York Fed says
Adam Gault | OJO Images | Getty Images Credit card delinquencies rose more than 50% in 2023 as total consumer debt rose to $17.5 trillion, the New York Federal Reserve reported Tuesday. Debts that have moved into “severe delinquency,” or are 90 days or more past due, increased in several categories over the year, but…