A record number of consumers are making minimum credit cards payments as delinquencies also rise
- The share of active credit card holders just making minimum payments rose to 10.75% in the third quarter of 2024, the highest ever in data going back to 2012.
- The share of card holders more than 30 days past due rose to 3.52%, an increase from 3.21%, for a gain of more than 10%.
- Even with the rising delinquency rate, it is still well below the 6.8% peak during the 2008-09 financial crisis and not yet indicative of serious strains.
- https://www.cnbc.com/2025/01/22/minimum-payments-on-credit-cards-hit-record-level-as-delinquencies-also-rise.html
