Rapidly escalating credit card losses mark the swiftest surge since the 2008 financial crisis, warns Goldman Sachs. Credit card delinquencies are up, hitting a 3.63% rate, a stark 1.5% rise from 2021′s low.
Despite the absence of a current economic downturn, this worrying trend mirrors patterns from the late ’90s and 2015-2019 credit cycles. Delinquencies might peak even later, in 2024-2025.
As US consumers owe a staggering $1 trillion+ on credit cards – a Federal Reserve-recorded all-time high – this phenomenon raises alarms on financial stability and consumer debt management.” Credit card losses are rising right now. Even Goldman Sachs agrees.
A new financial crisis is on. Credit card delinquencies are also up at this time, nearing a new economic downturn, US consumers are tapped out, $1 trillion in credit card debt is not going to be paid back.
Financial Crisis of 2008 Will Seem Like NOTHING
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).