NEW YORK (AP) — Credit card defaults are on the rise for Americans, reaching the highest level in 14 years. U.S. credit card defaults jumped to a record $46 billion from January through ...

As the chart below shows, defaults on credit cards have reached the highest level ... So, in our opinion, the current banking environment presents even greater risks than what we have seen during ...

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According to the same Financial Times article, this amount of credit card defaults is at its highest level since the recession that began in 2008. What does this mean for credit card debt levels ...