Federal Reserve Bank Of New York: Consumer Credit Is DeterioratingRupert Hargreaves
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.
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