What will be the charge-off rate on US credit card loans for all commercial banks in the second quarter of 2024?

Good Judgment Open
★★★☆☆
63%
Between 4.00% and 4.75%, inclusive
Between 4.00% and 4.75%, inclusive
Higher than 4.75% but lower than 5.50%
Higher than 3.25% but lower than 4.00%
Between 5.50% and 6.25%, inclusive
Between 2.50% and 3.25%, inclusive

Question description

The resilience of the US consumer is in focus as interest rates rise and US credit card debt is at record levels (ABC News, NBC News, PYMNTS). Charge-offs are debts that banks "write off," or record that they don't believe they will be repaid (Investopedia - Charge-off). The question will be suspended on 30 June 2024 and the outcome determined using data as reported by the Federal Reserve Economic Data (FRED) database once first released, expected in August 2024 (FRED). Confused? Check our FAQ or ask us for help. To learn more about Good Judgment and Superforecasting, click here. To learn more about how you can become a Superforecaster, see here. For other posts from our Insights blog, click here.

Indicators

IndicatorValue
Stars
★★★☆☆
PlatformGood Judgment Open
Number of forecasts88
Forecasters20

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Resizable preview:
63%
Between 4.00% and 4.75%, inclusive
25%
Higher than 4.75% but lower than 5.50%
11%
Higher than 3.25% but lower than 4.00%
< 1%
Between 5.50% and 6.25%, inclusive
< 1%
Between 2.50% and 3.25%, inclusive
Last updated: 2024-04-18
★★★☆☆
GJOpen
Forecasts: 88
Forecasters: 20

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