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Report: Credit card delinquencies surged in 2023

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Credit card delinquencies rose by more than 50% in 2023, according to data from the New York Federal Reserve.

Credit card debt in serious delinquency, or 90 days or more past due, increased by 59% during the last three months of the years compared with the same period in 2022.

Total consumer debt was $17.5 trillion in 2023, according to the report.

Read more from CNBC.

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