The Recession Signal Hidden in Rising Credit Card Delinquencies

In this episode of Recession Watch, Lucas and Luna examine a worrying trend in consumer credit: credit card delinquencies are rising even as job openings and hourly earnings improve. They dig into the latest data, including April JOLTS figures showing job openings up to 7.6 million and initial jobless claims ticking higher to 229,000. Lucas explains why the divergence between strong headline jobs numbers and deteriorating household balance sheets has historically been a reliable recession signal. They also discuss how the shift in credit card usage from convenience to revolving debt mirrors patterns seen before the 2008 financial crisis and the 2020 pandemic recession. With the unemployment rate holding at 4.3 percent and real GDP growth just 1.6 percent, the hosts explore whether the economy is heading for a consumer-led slowdown. Plus, a brief reflection on why ad-free economic analysis matters and how listeners can support the show. #CreditCardDelinquencies #RecessionSignal #ConsumerDebt #JOLTS #JoblessClaims #HouseholdBalanceSheets #EconomicSlowdown #RecessionWatch #FexingoBusiness #BusinessPodcast #Economics #ConsumerSpending #FedPolicy #LaborMarket #GDPGrowth #DelinquencyRate #CreditCycle #LucasAndLuna Keep every episode free: buymeacoffee.com/fexingo