✴️ Chart of the Day: Rising US Delinquency Rates✴️

in #money • 6 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

#economy #investing #finance #economics
6 years ago in #money by
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     6 years ago 

    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.

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       6 years ago 

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

      Thanks @dpl

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         6 years ago 

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 The chart is for mortgage delinquencies and is 2 years out of date.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

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           6 years ago 

          Hi @carrinm

          Would you suggest everything is is looking up?

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