Market Watch: Credit-card and Car-loan Delinquencies Are at Their Highest Point in More Than a Decade
Article by Andrew Keshner in Market Watch
Consumer debt keeps climbing, and the strain is showing in the mounting number of car-loan and credit-card delinquencies, according to new data from the Federal Reserve Bank of New York.
While many U.S. consumers’ finances are holding up, Tuesday’s data shows that some troubled pockets are forming, with lower-income households and younger consumers falling behind faster, researchers say.
Total household debt, including mortgages, car loans, credit cards and student loans, climbed to $17.5 trillion in the ......