Credit Card Losses Climb at the Fastest Rate Since the Great Recession of 2008

As consumers in the U.S. take out more loans and credit card debt reaches record levels, credit card losses for issuers have climbed in an “unusual rise” that could continue for at least another year, according to Goldman Sachs analysts. At 3.63%, credit card losses are up 1.5 percentage points…#goldmansachs #ryannash #2008greatrecession #loans #13 #federalreserve #capitalone #cof #syf #americanexpress

Source: Reuters: Health - September 23, 2023 Category: Consumer Health News Source Type: news