In the wake of the subprime mortgage crisis in the housing industry, concerns have been expressed about the dangers of high levels of consumer, credit card debt. Now, Meredith Whitney – an analyst at Oppenheimer & Co. – warns in the latest issue of Fortune magazine that “consumers are in trouble” when it comes to servicing their credit card debt. Here is what Ms. Whitney has to say:

“I look at the monthly credit card payments made by consumers. For two years the average payment has been five times the minimum; in February it dipped to 4.6 times. This is the first sign for lenders that consumers are in trouble.”

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