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


  1. I didn’t think wages had really risen all that much . .
    Seems that job growth is good, but like all things regional.

  2. Could it be that people are feeling confident enough to take on more debt? Just a thought.
    Thanks for all the great insight, Elliot.
    CHEERS! Greg in Colorado.

Speak Your Mind


This site uses Akismet to reduce spam. Learn how your comment data is processed.