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Credit card delinquencies among Americans 70+ hit 6.3% in Q2 2026
New York Fed data shows credit card balances rose $21 billion in Q2, pushing total household debt to $18.8 trillion.
HousingWire cites Federal Reserve Bank of New York data showing serious credit card delinquencies among Americans ages 70 and older reached 6.3% in Q2 2026, the highest level since 2011. The delinquency measure refers to balances that are 90 or more days past due.
In the same quarter, credit card balances increased by $21 billion, and total household debt rose to $18.8 trillion, according to the New York Fed report. The outlet also notes HELOC balances climbed for the 17th straight quarter.
HousingWire adds that reverse mortgages, which come with voluntary payment structures, may be worth considering for senior homeowners facing delinquent debt. The outlet points to an increase of 0.3 percentage points in the rate that older borrowers move into serious delinquencies during Q2.