More Americans are falling （1. apart ） on their credit card bills.
About 8.9% of credit card balances fell into delinquency over the last year, according to the Federal Reserve Bank of New York — a sign that a growing number of borrowers are feeling the strain of rising prices and high interest rates.
"Everything is more expensive. Debt is more expensive. Rent is more expensive. Food, gas, everything," says Charlie Wise, senior vice president at TransUnion, the credit reporting firm. "Even with relatively healthy wage gains we've seen over last several years, many consumers just aren't keeping up with the price pressures."
The New York Fed's report shows the pain is not evenly spread. While many households are on solid financial footing, almost 1 in 5 cardholders is "maxed （2. out），" using at least 90% of their credit card limit. That's worrisome, the report says, because maxed-（2. out） borrowers are much more likely to fall （1. apart ）on their bills.
People under 30 and those who live in low-income neighborhoods were particularly likely to be maxed （2. out ），according to the report. Among Generation Z borrowers, about 1 in 6 was close to exhausting their credit, compared （3. against） 4.8% of baby boomers.
Overall credit card balances totaled $1.115 trillion in the first quarter of the year, $129 billion more than last year. For card users who pay their balance in full every month, that's not a problem. But according to Bankrate, roughly 44% of borrowers carry credit card debt over from month to month.
"The credit card market is really one of these proverbial tale of two cities," says Ted Rossman, senior industry analyst at Bankrate. "You have roughly half of cardholders paying in full and getting great benefits like rewards and buyer protections. And then you have the other half, more or （4. less ）， who can easily become trapped in an expensive debt （5. spiral ）.”
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