Number of Americans behind on credit card payments nears 15-year high

Donald Trump was elected on a campaign promise to bring down prices - John McDonnell/Getty Images The number of Americans falling seriously behind on their credit card payments has soared to a near 15-year high. The share of credit card loan balances more than 90 days behind on repayment has hit 12.4pc, the highest level since 2011, according to figures from the Federal Reserve Bank of New York. America’s credit card debt pile has soared by 76pc since the start of 2011 to total a record $1.23tn (£940bn) ...