Credit Card Losses Rising At The Fastest Pace Since The Great Financial Crisis
Of the past five credit card loss cycles, three were characterized by recessions
View Source | September 22, 2023 4:19 pm
- Goldman Sachs predicts credit card losses will continue to climb through the end of 2024/early 2025.
- What is unusual is that the losses are accelerating outside of an economic downturn, the firm said.
- Credit card losses currently stand at 3.63%, up 1.5 percentage points from the bottom.
Click to read full article
Go back home
Share This Article: