Financial Digest

Meme Coins and Macro: U.S. Credit Card Holders Most Stressed Since 2012

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Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.

The percentage of credit card loans in serious delinquency has risen to the highest in over a decade.Top meme coins have dropped 20% in four weeks.

The percentage of credit card loans in serious delinquency, with balances outstanding for more than 90 days, increased to 10.69% in the first quarter, the highest since second-quarter 2012,by the New York Federal Reserve showed. While balances declined by $14 billion to $1.12 trillion during the first quarter, they're still 13.1% higher than the year before.

 

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