Robert Adams, Cord Barnes, Connor Bopst, and Kamila SommerAfter plummeting to all-time lows during the pandemic, delinquencies on credit cards and auto loan debt increased to levels not observed since the Great Financial...
Overview
FEDS Note: A Note on Recent Dynamics of Consumer Delinquency Rates. Robert Adams, Cord Barnes, Connor Bopst, and Kamila SommerAfter plummeting to all-time lows during the pandemic, delinquencies on credit cards and auto loan debt increased to levels not observed since the Great Financial Crisis (GFC), raising concerns about the health of household balance sheets. In this note, we use credit records from the Federal Reserve Bank of New York Consumer Credit Panel/Equifax (CCP) — a nationally representative random sample of anonymized Equifax credit bureau da
