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 . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible