The Guardian7 Jun 2026Market
Automatically composed with AI from the cited sources
The Federal Reserve Bank of New York reported in May that credit card balances at least 90 days delinquent climbed to 13.12% in the first quarter, the highest level since the aftermath of the 2008 financial crisis. The same Federal Reserve’s 2025 Small Business Credit Survey separately found credit card financing remains the number one source of financing for small businesses.