Credit card delinquencies climb

Credit card delinquencies are sitting at 13% so far this year. It’s the highest national rate since the tail-end of the Great Recession. The aftermath of the COVID-19 pandemic, including high inflation and job uncertainty, is partially to blame. Also in this episode: Home equity lines of credit become more popular as traditional borrowing rates climb, small business owners are cautious but optimistic — and trying to hire — and Kyla Scanlon explains economic nihilism.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.Read the stories in today’s episode:Younger consumers are turning to "little treats" in the face of economic nihilismWhy lines of credit have become a preferred piggy bank for homeownersCredit card delinquencies approach Great Recession levelsChina is shaping the technology of the future. Where does that leave the U.S.?Small business owners are feeling uncertain but optimistic