Aug
03

Disturbing Delinquencies

debt Despite a roaring labor market, the credit cycle is turning. After peaking at 4.85% in 09Q2, consumer loan delinquency rates steadily declined to 2% and remained there from 15Q1 through 16Q1. Since then, they have steadily risen and are now at 2.2%. The story’s much the same for credit card delinquencies and auto loans. While the rates are still low, what’s worrying is unemployment is low and wages are rising.

Share This Post
Facebook Twitter Email

Speak Your Mind

*