Despite the return-to-office push, loan delinquencies surpassed 10% for the first time in more than a decade
Office loan delinquencies hit 10.35%, the highest since 2012, reflecting broader vulnerabilities in commercial real estate due to economic and work trend changes.
Delinquent debt is piling up. Here's why it's not a reason to worry about the US consumer, according to BofA CEO Brian Moynihan.
Consumer delinquency rates are normalizing to pre-pandemic levels, indicating stability in household finances, according to Bank of America CEO Brian Moynihan.
The rich keep spending, but poorer Americans are struggling
The Federal Reserve raised concerns about the strained finances of low- and moderate-income households impacting consumption outlook.
3 Ways to Conquer Your Debt and Stay on Top of Your Finances | Entrepreneur
Consumer credit is reaching record highs, with credit card debt at $1.03 trillion and auto loans at $179 trillion.
Delinquency rates remain low, but if economic conditions worsen, trouble could arise for households with high levels of debt.