JOURNAL ARTICLE

US Consumer Delinquencies Climb as More Student Debt Goes Unpaid.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Capurro, Maria Eloisa 3 of 3

Abstract

The article focuses on the rising delinquency rates of US consumer debt, which reached the highest level in over five years during the third quarter, primarily driven by increasing unpaid student-loan balances. According to the Federal Reserve Bank of New York, approximately 4.5% of consumer debt was at least 30 days delinquent, with student-loan delinquency climbing to a record 14.4%. The report highlights that younger consumers, particularly those in their 20s and 30s, are facing significant financial challenges amid high interest rates and inflation. Despite these issues, there are signs of stabilization in overall delinquency rates, particularly in mortgage loans, which remain low due to a resilient housing market. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/11, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2025
  • Accession Number:189154024
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