US Credit Card Defaults Jump to Highest Level Since 2010
- Miguel Virgen, PhD Student in Business
- Aug 22, 2025
- 5 min read
The United States is witnessing a troubling resurgence in credit card defaults, a phenomenon that has reached levels not seen since the aftermath of the 2008 global financial crisis. Data from major financial institutions and credit rating agencies indicates that the rate of consumers failing to meet their credit card obligations has climbed steadily over the past two years, with 2025 marking a significant tipping point. This surge is raising alarm bells for policymakers, lenders, and economists who fear that consumer debt burdens are becoming unsustainable amid persistent inflation, elevated interest rates, and growing economic uncertainty.
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