US Witnesses Sharp Surge in Household Debt Delinquency
The central bank's latest Quarterly Report on Household Debt and Credit revealed that 4.8 percent of all outstanding debt had entered delinquency status by December's close—a 0.3 percentage point spike from the preceding three-month period.
Early-stage delinquencies showed divergent patterns across debt categories. Mortgage and student loan defaults rose, while other borrowing segments remained stable.
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