Högre räntor i USA börjar visa sig i statistiken när det gäller förmågan att betala sina kreditkortsskulder
Small banks are getting their clocks cleaned by these American debt slaves that they have gone after so aggressively and that suddenly cannot make their credit payments. Charge-off rates – the portion of outstanding credit card balances that a bank writes off as a loss – spiked to 7.5% and 7.4% of total balances in Q3 and Q4 respectively, according to the Fed’s Board of Governors. Those were the highest charge-off rates since Q2 2010, up from 4.6% a year earlier, and up from 3.5% two years earlier.
Credit card charge-offs at the largest 100 banks are also increasing, but slowly. In Q4, they were at 3.6%, just slightly higher than a year earlier (3.4%):