Credit card losses rising at fastest pace since Great Financial Crisis

Credit card losses rising at fastest pace since Great Financial Crisis

"Goldman Sachs predicts credit card losses will continue to climb through the end of 2024/early 2025.

• What is unusual is that the losses are accelerating outside of an economic downturn, the firm said...
• Credit card companies are racking up losses at the fastest pace in almost 30 years, outside of the Great Financial Crisis, according to Goldman Sachs...