Credit Card Holders Are Struggling to Make Payments: Why the Biggest Losers Are Goldman Sachs, Apple Pay

Credit Card Holders Are Struggling to Make Payments: Why the Biggest Losers Are Goldman Sachs, Apple Pay
The Goldman Sachs logo at the New York Stock Exchange in New York on Sept. 13, 2022. Michael M. Santiago/Getty Images
Benzinga
Updated:

Big credit card issuers have released data for delinquency and charge-offs for the month of August, lending a glimpse into the latest spending habits of Americans.

With prices soaring due to high levels of inflation—at 8.3 percent for August—some consumers have turned to credit cards in an effort to complement their increasingly limited budgets, while many are struggling to make payments.