Data shows that the scale of credit card defaults in the USA is expanding. Economists and observers believe that this phenomenon indicates a continuous deterioration in the financial situation of low-income consumers in the USA under years of high inflation. As the Consumer, which drives the economy, slows down, economic growth in the USA may decelerate in 2025. The Financial Times in the United Kingdom recently cited data from Industry research Institutions, reporting that in the first nine months of 2024, credit card lenders in the USA wrote off $46 billion in severely delinquent loans, an increase of 50% compared to the same period last year, reaching a 14-year high. Major credit card issuer OneMain Financial also stated that as of November 2024, the proportion of credit card loans marked as uncollectible reached 6.1%, up from 5.2% in the same period last year. (Xinhua News Agency)