The American economy has looked pretty robust of late — unemployment just hit a 16-year low, and stocks recently reached an all-time high.
This makes it all the more curious that Americans have suddenly stopped paying off their credit-card bills at a rapid rate.
In the past two fiscal quarters, banks reported a steep rise in credit-card charge-offs — debt that companies can’t collect from their customers — according to a report from Moody’s.
This chart from the report shows how each bank has fared on charge-offs, with Capital One, First National of Nebraska, and Synchrony showing the worst performance over the period:
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