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Home » US households show signs of stress as new delinquencies rise

US households show signs of stress as new delinquencies rise

Overall delinquency rate sits at 2.6%

Bloomberg NewsbyBloomberg News
May 15, 2023
in Risk Management
Reading Time: 3 mins read
0
An employee prepares to tear off a receipt from a payment terminal at a supermarket

© 2023 Bloomberg L.P., Photographer: Dhiraj Singh/Bloomberg

US households showed signs of increasing financial stress in the first quarter, with credit card balances not declining in the way they typically do at the start of the year and delinquencies rising for most types of consumer loans. Households added $148 billion in overall debt, bringing the total to $17.05 trillion, according to a report released […]

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