New data shows overdue credit card bills at their highest rate since 2011

Data Researcher/Curator

WASHINGTON —

About 13% of credit card balances were 90 days or more past due in June, prompting concerns about U.S. consumers falling behind on their debt payments, according to the latest data from the Federal Reserve Bank of New York.

The Quarterly Report on Household Debt and Credit, released every three months by the Federal Reserve Bank of New York, provides a snapshot of borrowing and debt trends in categories like mortgages, credit cards, student loans, auto loans and other debts.

It’s the second straight quarter that credit card delinquency rates have remained at about 13%. Credit card delinquency reached its highest level in early 2010 at nearly 14%.

Credit card delinquency rates are similar to levels seen in early 2011. Student loan delinquency rates were slightly lower at nearly 11%.

Which age group has the highest delinquency rate?

Americans ages 18 to 29 had the highest share of credit card balances entering serious delinquency at 10%. That’s about the same rate as last September.

Those ages 30 to 39 had the second-highest rate of balances missing a payment of 90 or more days, but it’s down from the end of March by 0.4%.

How does credit card debt differ by age group?

Despite having the highest rate of credit card balances with a missed payment of 90 or more days, 18- to 29-year-olds make up the lowest total of credit card debt at $80.8 billion.

Americans ages 40 to 49 currently hold the highest credit card balance at $295.3 billion. Those ages 50 to 59 have the second-highest, totaling $279.9 billion.

Total credit card balances grew by $21 billion at the end of June. The Federal Reserve Bank of New York revised its March credit card balance estimate from $1.25 trillion to $1.24 trillion.

How has US household debt changed?

The latest report includes a snapshot of how borrowing and debt changed from March to June, amid the U.S.-Iran War. Overall U.S. household debt dropped slightly by $13 billion in June, bringing the total debt to $18.8 trillion, according to the report.

The debt category with the largest decrease was mortgages, with balances falling by $74 billion, largely due to a temporary gap in mortgage reporting to credit bureaus caused by a transfer of servicing, according to the Federal Reserve Bank of New York.

See how debt among different age groups has changed from 2003 to June 2026.