DEBT DELINQUENCIES
10/16/2024 |
The latest NY Fed Survey of Consumer Finances is slightly worrying as it reports the percentage of households who think they will be unable to meet their debt obligations over the next three months is 14%. This is the highest percentage since 16% in 4/20. The percentage has steadily risen from a low of 10% in 2021 to 12% in 2023, to now 14%. More households continue to struggle.