Federal Reserve Bank Of New York: Consumer Credit Is Deteriorating

Consumer credit

The Federal Reserve Bank Of New York’s fourth-quarter report on household debt and credit presents a positive picture of US consumer indebtedness. Overall, the report, a copy of which has been reviewed by ValueWalk, shows a healthy demand for lending and delinquency rates continue to trend lower. However, the problem areas of student loan debt and auto lending continue to weigh on overall lending and default metrics.

Saved Articles

Are you a smart investor? Join tens of thousands of sophisticated investor reading our authoritative free newsletter

* indicates required

Opt out of occasional 3rd party offers

Congrats! Are you a smart person? We have a limited time offer for sophisticated and loyal readers like yourself.

Sign up today and get three months free

Use coupon code VIP19 or click on the button below

Limited time offer only expires 8/31/2019 or next 30 13 subscribers whichever comes first – please do not share this discount with others