✴️ Chart of the Day: Rising US Delinquency Rates✴️

in #money7 years ago

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.

delinquency rates.JPG

Source: Ned Davis Research

Best regards,

@ayusor

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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.

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

Thanks @dpl

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 The chart is for mortgage delinquencies and is 2 years out of date.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

IMG_0314.PNG

Let's get real with the scaremongering

Hi @carrinm

Would you suggest everything is is looking up?