Credit card losses are rising at the fastest pace since the Great Financial Crisis

https://www.cnbc.com/2023/09/22/credit-card-losses-are-rising-at-the-fastest-pace-since-the-great-financial-crisis.html

• 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.