According to The Kobeissi Letter, the US credit card delinquency rate for debts over 90 days reached 11.1% in Q3 2024, marking the highest level since 2011. This figure surpasses the peak delinquency rates observed during the 2020 lockdowns, which remained below 10.0%. The increasing availability of financing options by corporations is contributing to this worsening trend. Traders should consider the potential impact of rising consumer debt on financial markets.