Persistent spending may have boosted the U.S. economy, but it is taking a toll 🐻onﷺ households.

At the end of December, 9.7% of all credit card debt was delinquent, according to a report released by the New York Federal Reserve Tuesday on household debt. That's more than the 9.4% in the previous quarter and the highest since the beginning of 2021.

Credit card debt is especially increasing financial stress for those who are und🦹er 40 years old. The percentage of credit card debt becoming seriously delinquent for those in that age group is higher than the average of all d♓ebt holders and is almost double their older counterparts.

Researchers with the Federal Reserve Bank of New York said the resumption of required payments on federal student loans is partially to blame for the disparity, as younger borrowers are more likely to hav💞e that de🎶bt.