Credit Card Delinquencies, Balances, Burden, Credit Limits, and Collections in the Fourth Quarter of 2025
Credit Card Delinquency Rates Hit Multi-Year Lows Amid Consumer Concerns The delinquency rate for credit cards, specifically those provided by commercial banks, has dipped to a seasonally adjusted 2.94% by the end of the fourth quarter. This marks the lowest point since the third quarter of 2023, down from 3.08% a year prior and 3.10% […]
Pennsylvania man reportedly discovered with more than 100 collections of human remains
Disturbing Discovery in Pennsylvania A man from Pennsylvania is facing an alarming number of charges after police found “more than 100 complete and partial human bones and sets” in his home and storage area, with a local prosecutor describing the situation as “a horror movie come true.” The individual, Jonathan Gerlach, 34, was detained this […]
Wealthy Individuals Can Now Use Their Extraordinary Car Collections as Collateral to Increase Their Wealth Further
Wealthy individuals often use secured loans, or collateralized lending, to maintain and expand their wealth. This involves using assets like real estate, stocks, or bonds as collateral to obtain favorable loan terms from banks. Taking out a loan against an asset, rather than selling it, has a few key advantages. First, there’s speed. Selling property […]
Credit Card Defaults, Balances, Debt, Credit Limits, and Collections in the Third Quarter of 2025
Despite concerns, credit card delinquency rates show improvement During the period of easy money, credit card delinquency rates dropped significantly. However, after that era came to a close, rates spiked, peaking in early 2024 before beginning to decline again. Delinquency rate over 30 days The Federal Reserve reported today that outstanding credit card balances across […]
Explore game day apparel featuring NFL collections from Nike, Abercrombie, Kohl’s, and others.
Game days call for the right NFL gear, whether you’re tailgating or relaxing on your couch. You don’t have to limit yourself to just NFL shops; places like Kohl’s, Nike, and Abercrombie & Fitch also carry officially licensed NFL apparel. From stylish jerseys to comfy sweatshirts and even team-branded shoes, there’s plenty of options to […]
Credit Card Defaults, Balances, Debt, Credit Limits, and Collections in the Second Quarter of 2025
Our drunken sailors and their credit cards. Wolf Richter on Wolf Street. Recently, credit card delinquency rates—referred to by some as “drunken sailors”—have shown some notable improvements. The delinquency rate for credit cards, defined as payments overdue by 30 days or more, decreased to 2.87% at the end of the second quarter, as reported by […]
Which European countries have the highest property tax collections?
Spain is mulling a 100% tax on homes bought by non-EU buyers as a potential solution to the ongoing housing crisis in the country. Property taxes are a significant revenue stream for many European nations, so this proposal has stirred up quite a bit of discussion. As noted by the European Commission, property taxes range […]
Senate Democrat challenges Noem regarding migrant DNA collections
Senator Ron Wyden, a Democrat from Oregon, is looking for details from the Trump administration regarding what he describes as a “serene expansion” of DNA collection efforts aimed at immigrants, including children. In a letter addressed to Homeland Security Secretaries Christie Noem and Attorney General Pam Bondi, Wyden expressed concern that this DNA surveillance “seems […]
Trump Administration Restart Student Loan Debt Collections
The Department of Education has restarted its collection of defaulted student loans, making it clear that taxpayers will not bear the cost of these unpaid debts. This resumption follows a suspension that has been in place since March 2020 due to the Covid-19 pandemic, affecting over 5 million borrowers currently in default on federal loans. […]
Trump administration resumes forced collections on student loan debt
The Department of Education has resumed federal student loan collections, emphasizing the shared responsibility to protect taxpayers from unpaid debts. Following a suspension during the Covid-19 pandemic since March 2020, this restart is expected to impact around 5.3 million borrowers currently in default on their federal student loans. Education Secretary Linda McMahon mentioned that as […]