Consumer stress has intensified, with an escalating share of credit card holders making only minimum payments on their bills, according to a Philadelphia Federal Reserve report.

A Record Number of Consumers Are Making Minimum Credit Card Payments as Delinquencies Also Rise

One of the most striking trends from the third-quarter data is the rise in the share of active credit card holders making only minimum payments. This figure has surged to 10.75%, the highest level recorded since tracking began in 2012.