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NY Fed: Total household debt increases by 1% in Q2 to $18.4 trillion
CNBC Television· 2025-08-05 15:35
Household Debt Overview - Household debt increased by 1% to $18.4 trillion [1] - Overall delinquency rates remain relatively modest, excluding student loans [2] Delinquency Rates - Auto loan and credit card debt delinquencies remain elevated [1] - Student loan debt that is 30-day delinquent surged to 13%, previously 1% in Q4 during the forbearance period [2] - Credit card agencies are reporting delinquencies around 13%, up from 8% in Q1 [2] - 90-day mortgage delinquencies increased to 1.3%, the highest level since Q4 2016 [3] Potential Economic Weakness - Potential economic weakness is a concern regarding student debt and its knock-on effect on credit card issues and credit reporting [3]
X @Forbes
Forbes· 2025-08-04 23:40
Interest began accruing again this month for more than seven million student loan borrowers stuck in the SAVE plan forbearance. A new repayment plan expected to be launched in coming months may offer some borrowers a way to pause interest accrual again. https://t.co/P1Z7XQnfzZ https://t.co/IDuxSnvsE7 ...
X @Forbes
Forbes· 2025-08-04 13:52
Interest began accruing again this month for more than seven million student loan borrowers stuck in the SAVE plan forbearance. A new repayment plan expected to be launched in coming months may offer some borrowers a way to pause interest accrual again. https://t.co/6gxBJsdSC9 https://t.co/Bw8IIT5XZ7 ...