US wealth gap expands as consumer debt and delinquencies reach record highs
Edited By WION Video Desk
Published: Feb 27, 2025, 04:30 IST | Updated: Feb 27, 2025, 04:30 IST
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.
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