April 30, 2024 | Discover’s credit card charge-offs have steadily increased this year.
Why It Matters: While charge-offs are always concerning, the fact Discover’s clientele is largely lower-income Americans, suggests significant financial hardships are already underway.
Source: SoberLook
...January 1, 2024 | Credit card delinquencies are on the rise, with an uptick in new 30+ day delinquencies.
Why It Matters: We’ve stressed the consumer’s critical role in a thriving economy. Signs of financial strain could spell trouble for economic stability.
Source: dailychartbook
...February 20, 2023| Retail sales saw an unexpected boost this week, but the increase in credit card debt to finance spending will likely pose a long-term concern. We need to keep an eye on this risk, despite the near-term boost an increase in spending will provide. Source: thedailyshot
...August 12, 2022 | Credit card spending continues to march upwards. While consumers may be funding higher prices with credit cards, spending is spending. More Spending = More Profits, which is good for markets. If spending slows down, look for markets to become more bearish. Source: @thedailyshot
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