ST. LOUIS—Credit card delinquencies continue to rise, a new report reveals.
Despite a strong economy and low unemployment, Americans are falling behind in paying off their credit card debt, the Federal Reserve Bank of St. Louis reports.
The delinquency rate on all U.S. credit card loans is 2.47%, up from 2.42% at the beginning of 2017 and 2.12% in the second quarter of 2015, according to NBC News analysis of the Fed data.
That means more than $23 billion in credit card debt is currently delinquent—30 or more days overdue, NBC News said.
Turning to a NerdWallet survey of consumers’ card habits, NBC reported that 33% of Americans surveyed said they miss payments because they don't have the money. But 35% said they just forgot.