Lower-Income Americans Are Drowning in Credit Card Debt

On the surface, the Federal Reserve Bank of New York’s Q1 2026 household debt report delivered good news on credit cards: balances fell $25 billion to $1.25 trillion, and the early delinquency rate ticked down from 8.7% to 8.6%. A seasonal paydown after holiday spending, delinquency trends are moving in the right direction. The surface […] The post Lower-Income Americans Are Drowning in Credit Card Debt appeared first on the deep dive.