UBS: Sub-Prime Consumers' Risk Of Default Rises 44%Rupert Hargreaves
The number of low-income or sub-prime consumers who are likely to default on their debt rose significantly during the second quarter according to UBS’s quarterly Evidence Lab credit survey.
The Housing Intentions survey questioned a broad selection of US consumers at the end of Q2 and found that overall, the number of consumers in the lower wage bracket (<$40,000) who believe they are now at risk of defaulting on their debt within the next year has risen by 44%.
Sub-Prime Consumers' Risk . . .
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