Credit card defaults at record level in the US. Perhaps Trump’s tariffs will help those Americans who are struggling to make ends meet?

https://i.redd.it/ikutkiz06qve1.jpeg

by wakeup2019

7 comments

  1. if I’m understanding the title correctly, this chart is for relatively small banks (smaller than the largest 100 banks). I’m curious if credit card defaults for all cards is following a similar pattern.

  2. “Perhaps Trump’s tariffs will help those Americans who are struggling . . . ”

    Um, hopefully OP knows that the people paying the tariffs are the suckers who actually purchase the product?

    The govt may make some money from tariffs, but the big loser is the USA consumer.

    Edit: changed “you” to OP

  3. What does 8% mean?

    8% of credit holders are defaulting? 8% of credit card debt goes into collection?…. Over what time period?

    I know CC debt/default has worsened but the numbers seem too high

    I agree things are gonna get much worse.. DJT doesnt care about other people

  5. The pain for American families is just getting started. The poor and middle class are going to be destroyed when this is over, if it ever is over.

  6. Tell me OP, why will tariffs on virtually all imports help struggling Americans make ends meat? I really would like to know how you arrived at that hypothesis.

  7. Doesn’t this graph show that it was ready at record levels or at least definitely approaching them BEFORE Trump took office?

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