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

  • 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

Sign Up for Our Newsletter

Join our list!

Sign up here to get our daily newsletter with the top trending headlines.