We have been monitoring the posted numbers of financial activity under the disruption of the tariffs since they were enacted but this particular stat issued by the Federal Reserve Bank of New York suggests that as we enter the all important 4th quarter credit card deliquencies may be major influence on discretionary spending rolling to the holidays. Or it may turbo charge BNPL services . Hard to say..
Serious Credit Card Delinquencies (unpaid balances for at least 90 days) hit their highest level in 14 years 🚨🚨🚨