New York Federal Reserve
New York Federal Reserve
  • Student loans saw large uptick in transition into delinquency rate in Q1
  • Most other types of credit saw steady transition into delinquency rates
  • Aggregate delinquency rate at 4.2% vs 3.6% in Q4
  • Researchers saw household balance sheets in pretty good shape
  • Credit card and auto balances both trimmed in Q1, mortgages balances rose
  • Household debt up 0.9% q/q

This is no big surprise given that the Trump administration restarted the collection of student debt.

Source: Forex Live