Jun
22

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Between 3/1/20-5/31/20, 79 million student loans entered forbearance, up from 18.2 million between 3/1/20-4/30/20. Over the same periods, deferred auto loans rose to 7.3 million from 3.6 and credit card deferrals hit 11.5 million from 8. Mortgages increased to 5.5 million from 3.6; personal loan deferments doubled to 1.3 million. Excluding student loans, total deferments increased to 25.6 million from 15.6 million a month earlier. This sizeable increase is concerning.

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