✴️ Chart of the Day: Rising US Delinquency Rates✴️

[ayusor]

U.S. banks, already under pressure from slower loan growth and low interest rates, could be facing yet another challenge as a rising number of Americans fall behind on their credit card payments.

Source: Ned Davis Research

Best regards,

@ayusor

Comments

[dpl]

Hi @ayusor

It'll be interesting to see what happens. I can't imagine how they can keep this up. They topped US$21 trillion in depth recently.

Thanks for the info man.

[ayusor]

High debt + Low Saving Rate + Increasing Delinquency Rates = DANGER

Thanks @dpl

[carrinm]

Let us use some data to get to the real story.

1. Interest rates are rising which is good for banks
2. The chart is for mortgage delinquencies and is 2 years out of date.
3. Here is a chart of 10 year credit card delinquencies - hardly scary

Let's get real with the scaremongering

[dpl]

Hi @carrinm

Would you suggest everything is is looking up?