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Credit Card Delinquencies , Are on the Rise.<br/>New York Federal Reserve data that was published on May 15 shows that credit card delinquencies kept rising from January to March, Fox Business reports. .<br/>In Q1 2024, delinquencies reached <br/>8.9% at an annualized rate.<br/>America hasn't seen this high of a <br/>percentage of serious credit card <br/>delinquencies since 2012, Fox News reports. .<br/>In the first quarter of 2024, credit <br/>card and auto loan transition rates <br/>into serious delinquency continued <br/>to rise across all age groups, Joelle Scally, regional economic principal within the Household and <br/>Public Policy Research Division at the New York Fed, via Fox Business.<br/>An increasing number of borrowers <br/>missed credit card payments, <br/>revealing worsening financial <br/>distress among some households, Joelle Scally, regional economic principal within the Household and <br/>Public Policy Research Division at the New York Fed, via Fox Business.<br/>Researchers aren't sure why delinquencies <br/>are so high since the unemployment rate <br/>is low, but they have a few theories.<br/>One of those theories is that consumers drained savings throughout the pandemic <br/>but continue to spend at high levels.<br/>Another theory is that some Americans switched to jobs with lower salaries.<br/>Additionally, credit card eligibility may have been expanded for many whose student debt wasn't being reported to credit bureaus amid the pandemic.<br/>These are all kinds of complex issues. <br/>We don't exactly know what's behind the <br/>increase of these delinquency rates. But it's <br/>definitely something that we're tracking, New York Fed researchers, via Fox Business.<br/>The average annual percentage rate for <br/>credit cards hit a record of 20.72% recently.

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Proposing to avoid jail time, a wedding that turned into a memorial, and getting diagnosed by Dr. Oz. He may be known for tracking down criminals on TV, but Dog the Bounty Hunter's personal life has seen problems of its own.

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