Presenter says no systemic threat to card issuers as 90-day delinquencies climb to 13.12%

The share of credit card balances at least 90 days delinquent rose to 13.12% in May, data released by the Federal Reserve Bank of New York showed. A presenter said the figure is the highest in 15 years and the most since the period after the 2008 financial crisis.

Asked what message consumers should take from the data, the presenter said, "There's not any kind of threat, the financial threat to the credit card companies. They don't feel like that they're heading towards default scenarios. It's just that people are taking a little bit longer." The presenter attributed slower repayment to rising everyday costs rather than an impending collapse in the credit market.

The presenter noted specific spending pressures, saying people are "spending more on gas, but they're also spending more on everything else — not just groceries, but restaurants and so on," and added that the pattern may reflect a degree of consumer optimism about the future.

The data point — 13.12% of balances 90 days or more delinquent — is drawn from the New York Fed's May release. The interview did not include named officials or a detailed breakdown of affected demographics, income groups, or regional patterns. No formal policy action or vote was recorded in the transcript.

The conversation paired the New York Fed statistic with the presenter's assessment that the rise in delinquencies signals household strain and lengthening repayment periods, not an immediate solvency problem for card issuers. The transcript does not include additional analysis or forecasts beyond the presenter's comments.