10.7% credit card debt more than 90 days overdue reached a 14-year high in Q1, affecting young borrowers and total credit card debt rising to $1.12 trillion.

Consumers, particularly young borrowers, are struggling to pay their credit card bills, leading to a 14-year high of 10.7% credit card debt more than 90 days overdue in Q1, according to the Federal Reserve Bank of New York. The total credit card debt rose to $1.12 trillion, with those in their 20s and 30s facing the most difficulty. This raises concerns about severe delinquencies and their impact on consumer spending.