🚨 U.S. Credit Card Debt Crisis: Defaults Are Soaring 🚨
Americans are defaulting on credit card debt at an alarming rate. The percentage of credit card debt seriously overdue (90+ days) has surged to 12.7% in Q4 2025—the highest since 2011! 😱
What’s worse? Over the past 3 years, this number has skyrocketed by 5 percentage points 📈. We're now far beyond levels seen during the 2001 recession, and nearly at the peak levels of the 2008 Financial Crisis, where defaults hit 13.7%.
💸 Credit card debt has climbed by a staggering $500 billion in just the last 4 years, reaching an all-time high of $1.28 trillion 😨.
This is a clear sign that U.S. consumers are struggling to keep up with their credit card payments at a pace that’s more worrying than ever before. 🚨
🔴 What Does This Mean for the Economy?
Rising defaults put pressure on financial institutions and may lead to tighter credit.
Consumers may face higher interest rates as they battle mounting debt.
If this trend continues, it could signal broader financial instability 💥.
This is a crisis that demands attention! ⏳
Stay informed, and be mindful of how this may affect your financial decisions. 💡
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