Recent data from the Federal Reserve Bank of Philadelphia shows that credit card delinquency rates have reached their highest level since the start of the data series in 2012. This includes balances that are 30, 60, and 90 days past due.
Poster Comment:
Inflation is killing the little guy: Federal minimum wage (adjusted for inflation) has fallen to levels not seen since 1949
https://citizenwatchreport.com/inflation-is-killing-the-little-guy-federal- minimum-wage-adjusted-for-inflation-has-fallen-to-levels-not-seen-since-1949/