Americans' debt soars near Great Recession levels, even as wealth levels rise: Fed data

Impact · against what's priced in

The surge in consumer delinquency rates to near Great Recession levels creates a significant credit risk overhang for financial institutions and a headwind for discretionary spending. While overall wealth has risen, the concentration of debt stress among younger and lower-income cohorts suggests an asymmetric risk to consumer-facing lenders.

Scored by the NIS engine · methodology.

• net worthNew
• fed
• inflation
• consumer debt
• consumer spending
• credit cards
• household finance
• wealth gap

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