Credit card delinquency is at the highest rate on record

A record 3.5% of US credit card balances were more than 30 days past due at the end of last year, according to data released yesterday by the Federal Reserve Bank of Philadelphia, whose data goes back to 2012.

Additionally, a series high of nearly 11% of account holders made just the minimum payment, as consumers struggle with inflation and the higher costs of living it brings. That’s not going to get any easier, since they also have to deal with record credit card interest rates — 21.6% on average from commercial banks — as well.

3.5%

11%

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Claire Yubin Oh

laborious

4/1/26

Almost three-quarters of US workers think now’s a bad time to find a quality job

The latest Gallup workplace survey points to a workforce that is struggling but largely stuck.

Frustrated man working from home at laptop

Claire Yubin Oh3/27/26

Wall Street bonuses hit a new record last year, edging toward $250,000 average

2025 was a pretty good year for US stocks... and new data suggests it was an even better one for workers on Wall Street itself.

In a year that saw pretax profits on the Street rise more than 30% to a record $65 billion, dealmakers, traders, and wealth managers raked in ~$246,900 in bonuses on average — an all-time high — per a new report from New York State Comptroller Tom DiNapoli published on Thursday.

Wall street bonuses chart — Sherwood News

According to DiNapoli, last year’s record $49.2 billion bonus pool (estimated using income tax data without including stock options or other deferred compensation) reflects Wall Street’s “strong performance for much of last year, despite all of the ongoing domestic and international upheavals.”

Millie Giles

TAKING NOTES

3/24/26

With New York’s acceptance law coming into effect, could cold hard cash stage a comeback?

Though digital payments are now the norm, most US adults remain opposed to the idea of a cashless society.

Crumpled One Dollar Notes Isolated on Blue Background

Tom Jones

beholden state

3/4/26

Inherited homes made up almost 1 in 5 property transfers in California last year

The 18% home inheritance figure was double the rate across the rest of the country.

A Craftsman style home surrounded by palm trees

Americans are spending more of the workday sitting — the jobs driving the trend often come with more money

Software developers sit nearly all day and make six figures. Fast-food workers are on their feet almost nonstop, and earn about $30,000 a year.

Hyunsoo Rim2/11/26

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