President of Micahi Abigail DOO and founder Micah Smith speaks with Fox News Digital about the pros and cons of the purchase now, pay the loan data.
Young Americans continued to make up most of those who passed into credit card delinquency in the second quarter, according to a report released by Newouperc. Federal Reserve.
Although it dropped slightly from the previous quarter, the report showed that almost 10% of credit card balances held by Americans at the age of 18-29 became 90 or more days late in the second quarter.
Fed researchers in Yorkyor said that the credit card delinquency rates for Americans under 40 are “unusually elevated”, adding that they are leading the “close eye” on the trend.
The rate of balance transition In a serious delinquency for 18-29-year-olds, about 10% of the mark of 2023. Before that, the last time the rate tightened 10% was in 2010.
The credit card of Americans and household debt reaches high times
General Z faces increased financial pressures. (Istock / iStock)
The report comes after the data painted a more uncertain image of the financial security of General Z. A special report by Fediyor Fed revealed that the unemployment rate for recent college graduates at the age of 22-27 is spreading from post-Pandemic falls and is 0.7% higher than the national rate as of June.
Excluding the pandemic, the unemployment rate for recent college graduates in March 2025 was the highest in More than a decade.
Meanwhile, data shows that General members are becoming more and more slim and with new and traditional credit services. A report by the Bank of America in June 2025 found that the use “Buy now, pay later” (BNPL) among General Z, accelerated last year after three years of slowing growth.
What would be the impact of an interest rate cap on credit card?
Credit card chimney. (Istock / iStock)
Although most BNPL lenders do not report credit bureaus payments, Fed New York researchers have said that the use of BNPL is much higher in younger borrows than those in other age groups. The affirmation has begun to report the history of experiment and transunion pay.
Researchers say their discoveries suggest that BNPL’s typical purchases are quite small, from $ 600 to $ 1,000, though, “from what we hear … now it is expanded to even smaller purchases, like even a cup of coffee.”
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From the second quarter of 2025, the US credit card balance was $ 1.21 trillion.
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