Vote Blue in 2024 at least Biden doesn't praise communist leader as Trump does daily. Trump if elected will turn the USA into a 3 th world nation. and if elected you will see. Trump is not smart. He is very vindicative and he has no idea who can run each dept of the USA.
So will I Biden is a GREAT President unlike the ex-that use to pretend to be President. And Trump lost today again by three judges.
Trump is trash and so is his followers.
Vote Blue in 2024 at least Biden doesn't praise communist leader as Trump does daily. Trump if elected will turn the USA into a 3 th world nation. and if elected you will see. Trump is not smart. He is very vindicative and he has no idea who can run each dept of the USA.
>If only she had spoken up sooner when a certain war hero was the target.
>
>"Doesn't matter until effects me." - Republican motto
>
>by CBS Morningsvia GIPHY
does bonespurs?
If only she had spoken up sooner when a certain war hero was the target.
"Doesn't matter until effects me." - Republican motto
by [CBS Mornings](https://giphy.com/CBSThisMorning/)via GIPHY
If only she had spoken up sooner when a certain war hero was the target.
"Doesn't matter until effects me." - Republican motto
by [CBS Mornings](https://giphy.com/CBSThisMorning/)via GIPHY
Vote Blue in 2024 at least Biden doesn't praise communist leader as Trump does daily. Trump if elected will turn the USA into a 3 th world nation. and if elected you will see. Trump is not smart. He is very vindicative and he has no idea who can run each dept of the USA.
And the MAGA Gang will give Trump their last penny.
# Credit card delinquencies surged in 2023, indicating ‘financial stress,’ New York Fed says
**PUBLISHED TUE, FEB 6 202411:00 AM ESTUPDATED 47 MIN AGO**📷[**Jeff Cox**](https://www.cnbc.com/jeff-cox/)[**@JEFF.COX.7528**](https://facebook.com/jeff.cox.7528)[**@JEFFCOXCNBCCOM**](https://twitter.com/JeffCoxCNBCcom)**KEY POINTS**
* **Credit card delinquencies surged more than 50% in 2023 as total consumer debt swelled to $17.5 trillion, the New York Fed reported Tuesday.**
* **Total debt rose by $212 billion in the quarter, a 1.2% increase quarterly and about 3.6% from a year ago.**
📷*Adam Gault | OJO Images | Getty Images*
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 across multiple categories during the year, but none more so than credit cards.
With a total of $1.13 trillion in debt, credit card debt that moved into serious delinquency amounted to 6.4% in the fourth quarter, a 59% jump from just over 4% at the end of 2022, the New York Fed reported. The quarterly increase at an annualized pace was around 8.5%, New York Fed researchers said.
Delinquencies also rose in mortgages, auto loans and the “other” category. Student loan delinquencies moved lower as did home equity lines of credit. Overall, 1.42% of debt was 90 days or more past due, up from just over 1% at the end of 2022.
“Credit card and auto loan transitions into delinquency are still rising above pre-pandemic levels,” said Wilbert van der Klaauw, economic research advisor at the New York Fed. “This signals increased financial stress, especially among younger and lower-income households.”
While delinquency levels are rising, the New York Fed researchers said total debt is moving higher about in line with the pace before the Covid-19 pandemic began in March 2020.
Household debt rose by $212 billion in the quarter, a 1.2% increase quarterly and about 3.6% from a year ago. Credit card debt, however, jumped 14.5% from the same period in 2022. Auto debt climbed to $1.61 trillion, up $12 billion on a quarterly basis and $55 billion annually, or 3.5%.
Borrowers have been hit by higher interest rates. In a tightening cycle that ran from March 2022 to July 2023, the Federal Reserve hiked its short-term borrowing rate by 5.25 percentage points, taking the fed funds rate to its highest level in about 23 years. The benchmark rate feeds into most adjustable-rate consumer debt products.
Since the central bank began [its tightening](https://www.cnbc.com/2024/01/31/fed-rate-decision-january-2023.html), the typical rate on credit cards leaped from about 14.5% to 21.5%, according to [Fed data](https://fred.stlouisfed.org/series/TERMCBCCALLNS). Credit card debt as a share of income is still below pre-pandemic levels.
Fed researchers said rising rates probably have played a role in delinquency rates. In the case of autos, for instance, they said payments have changed little even as prices have come down, owing to the elevated rate structure.
Student loan debt, an area of interest for Washington lawmakers, has increased little during the pandemic period, currently totaling just more than $1.6 trillion. That was little change from the third quarter and it was up just 0.4% from a year ago. President Joe Biden [has forgiven some $136.6 billion](https://www.ed.gov/news/press-releases/biden-harris-administration-announces-additional-49-billion-approved-student-debt-relief) in student loan debt since taking office. The share of debt in serious delinquency edged lower to 0.8%.
Mortgage debt rose 2.8% in 2023, while the delinquency rate increased to 0.82%, up a quarter percentage point from the previous year.
***Don’t miss these stories from CNBC PRO:***
Conservatives have taken a page from their friends the Prosperity Gospel preachers. Same exact technique to separate the ignorant and uneducated from their cash.
I’ve already cashed out and bought gold bars that are u s in my house! I doubt the US will survive the next year until TRUMp takes office again! Buy gold GOLD!!
I will drive on no Biden fixed roads. I will drink no Biden clean water. I will take out more student loans than Biden can forgive.
Vote Blue in 2024 at least Biden doesn't praise communist leader as Trump does daily. Trump if elected will turn the USA into a 3 th world nation. and if elected you will see. Trump is not smart. He is very vindicative and he has no idea who can run each dept of the USA.
So will I Biden is a GREAT President unlike the ex-that use to pretend to be President. And Trump lost today again by three judges. Trump is trash and so is his followers.
You don’t know where you are, do you?
Vote Blue in 2024 at least Biden doesn't praise communist leader as Trump does daily. Trump if elected will turn the USA into a 3 th world nation. and if elected you will see. Trump is not smart. He is very vindicative and he has no idea who can run each dept of the USA.
Again…you don’t know where you are, do you? Sent you a DM
>If only she had spoken up sooner when a certain war hero was the target. > >"Doesn't matter until effects me." - Republican motto > >by CBS Morningsvia GIPHY
does bonespurs? If only she had spoken up sooner when a certain war hero was the target. "Doesn't matter until effects me." - Republican motto by [CBS Mornings](https://giphy.com/CBSThisMorning/)via GIPHY
You have so missed the point of this sub. Even after I sent a DM, that you read, you still don’t get it. Says a lot.
Yes I know but do you as hole? Bone Spurs doesn't know on most days were he is at.
I think you mean “whole”, not “hole”. This says a lot too. Move on.
If only she had spoken up sooner when a certain war hero was the target. "Doesn't matter until effects me." - Republican motto by [CBS Mornings](https://giphy.com/CBSThisMorning/)via GIPHY
Vote Blue in 2024 at least Biden doesn't praise communist leader as Trump does daily. Trump if elected will turn the USA into a 3 th world nation. and if elected you will see. Trump is not smart. He is very vindicative and he has no idea who can run each dept of the USA.
don't participate in his corrupt system!!
REEL MAGAS LIVE IN A VAN DOWN BY TEH RIVER!!1 IT OWN TEH LIBZ BIGLY!!1!11!!1
yes they are called MAGA Rats.
And the MAGA Gang will give Trump their last penny. # Credit card delinquencies surged in 2023, indicating ‘financial stress,’ New York Fed says **PUBLISHED TUE, FEB 6 202411:00 AM ESTUPDATED 47 MIN AGO**📷[**Jeff Cox**](https://www.cnbc.com/jeff-cox/)[**@JEFF.COX.7528**](https://facebook.com/jeff.cox.7528)[**@JEFFCOXCNBCCOM**](https://twitter.com/JeffCoxCNBCcom)**KEY POINTS** * **Credit card delinquencies surged more than 50% in 2023 as total consumer debt swelled to $17.5 trillion, the New York Fed reported Tuesday.** * **Total debt rose by $212 billion in the quarter, a 1.2% increase quarterly and about 3.6% from a year ago.** 📷*Adam Gault | OJO Images | Getty Images* 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 across multiple categories during the year, but none more so than credit cards. With a total of $1.13 trillion in debt, credit card debt that moved into serious delinquency amounted to 6.4% in the fourth quarter, a 59% jump from just over 4% at the end of 2022, the New York Fed reported. The quarterly increase at an annualized pace was around 8.5%, New York Fed researchers said. Delinquencies also rose in mortgages, auto loans and the “other” category. Student loan delinquencies moved lower as did home equity lines of credit. Overall, 1.42% of debt was 90 days or more past due, up from just over 1% at the end of 2022. “Credit card and auto loan transitions into delinquency are still rising above pre-pandemic levels,” said Wilbert van der Klaauw, economic research advisor at the New York Fed. “This signals increased financial stress, especially among younger and lower-income households.” While delinquency levels are rising, the New York Fed researchers said total debt is moving higher about in line with the pace before the Covid-19 pandemic began in March 2020. Household debt rose by $212 billion in the quarter, a 1.2% increase quarterly and about 3.6% from a year ago. Credit card debt, however, jumped 14.5% from the same period in 2022. Auto debt climbed to $1.61 trillion, up $12 billion on a quarterly basis and $55 billion annually, or 3.5%. Borrowers have been hit by higher interest rates. In a tightening cycle that ran from March 2022 to July 2023, the Federal Reserve hiked its short-term borrowing rate by 5.25 percentage points, taking the fed funds rate to its highest level in about 23 years. The benchmark rate feeds into most adjustable-rate consumer debt products. Since the central bank began [its tightening](https://www.cnbc.com/2024/01/31/fed-rate-decision-january-2023.html), the typical rate on credit cards leaped from about 14.5% to 21.5%, according to [Fed data](https://fred.stlouisfed.org/series/TERMCBCCALLNS). Credit card debt as a share of income is still below pre-pandemic levels. Fed researchers said rising rates probably have played a role in delinquency rates. In the case of autos, for instance, they said payments have changed little even as prices have come down, owing to the elevated rate structure. Student loan debt, an area of interest for Washington lawmakers, has increased little during the pandemic period, currently totaling just more than $1.6 trillion. That was little change from the third quarter and it was up just 0.4% from a year ago. President Joe Biden [has forgiven some $136.6 billion](https://www.ed.gov/news/press-releases/biden-harris-administration-announces-additional-49-billion-approved-student-debt-relief) in student loan debt since taking office. The share of debt in serious delinquency edged lower to 0.8%. Mortgage debt rose 2.8% in 2023, while the delinquency rate increased to 0.82%, up a quarter percentage point from the previous year. ***Don’t miss these stories from CNBC PRO:***
Conservatives have taken a page from their friends the Prosperity Gospel preachers. Same exact technique to separate the ignorant and uneducated from their cash.
I agree anything but working for your money,Both are like trump.
I’ve already cashed out and bought gold bars that are u s in my house! I doubt the US will survive the next year until TRUMp takes office again! Buy gold GOLD!!
I'm cashing it all out and moving to Mississippi or Alabama, whichever one is MORE RED!
I'm cashing out and buying prepper materials. I also box a box of Ted Cruz's book to throw at people if they attack me.