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N.Y. Fed: More Americans behind on debt payments

Wednesday, August 14, 2019   (0 Comments)
Posted by: Amanda Averch
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US consumer debt hit a record $13.86 trillion in the second quarter, and borrowers with overdue payments for credit cards and student loans increased, according to the Federal Reserve Bank of New York. In Q2, 9.9% of student-loan accounts were 90 days or more overdue, compared with 9.4% in Q1, while 5.2% of credit card accounts were 90 days or more overdue, compared with 5% in Q1.

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