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المشهد العربي
Increase in US credit card debt and defaults
Credit card debt in the United States saw a significant increase during the second quarter of 2026, rising by $21 billion to reach $1.26 trillion, approaching the record high of $1.28 trillion set at the end of the previous year. This was accompanied by a rise in delinquency rates exceeding 90 days to 12.8%, the highest since the 2008 crisis, although some of these late payments result from the offsetting of previous debts and are still reflected in credit records. At the same time, total household debt remained stable at $18.8 trillion, distributed among mortgages, auto loans, student loans, and credit card debt.
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