US Wealth Gap Expands As Consumer Debt And Delinquencies Reach Record Highs

The wealth gap in the U.S. is widening as high earners drive spending growth while middle-class Americans struggle. Credit card delinquencies have hit their highest level since 2011, and consumer debt has reached a five-year peak. With over 11% of credit card accounts now 90+ days overdue, financial strain is rising across the country.