⚠️Americans are missing debt payments as if there is a recession:

US consumer credit card serious delinquencies are skyrocketing

Author

Global Markets Investor
February 21, 2025

US consumer serious delinquency rates (90+ days) in credit card debt have jumped to 11.4% in Q4 2024, the highest in 13 years.

They have risen at the pace recently seen in the Great Financial Crisis of 2007-2009.

Serious delinquencies have also exceeded the 2001 recession levels.

Many US consumers continue to struggle, especially at the middle and the bottom end of the income bracket.

🚨US layoffs are surging at a recessionary pace

February job report showed a lot of labor market weakness

globalmarketsinvestor.beehiiv.com/p/us-layoffs-are-surging-at-a-recessionary-pace

🚨What is happening with the US consumer sentiment?

Americans' economic outlook is rapidly shifting, and this is not a good sign

globalmarketsinvestor.beehiiv.com/p/what-is-happening-with-the-us-consumer-sentiment

⚠️US retail sales remain weak

Retail sales adjusted for inflation have decreased ~3% over the last 4 years.

globalmarketsinvestor.beehiiv.com/p/us-retail-sales-remain-weak

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