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>About 10% of credit-card borrowers now have an account balance that exceeds $5,200, according to the Philadelphia Fed.
>One-quarter of active accounts have a balance of over $2,000 for the first time.
>The Philadelphia Fed found that credit scores at the 10th and 25th percentiles of cardholders decreased to their lowest levels since the first quarter of 2020, indicating further performance deterioration could be on the horizon, per Bloomberg and the Philadelphia Fed
I wonder if credit card debt will be a black swan...?
