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A Note on Recent Dynamics of Consumer Delinquency Rates

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Abstract

After 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 data — to discuss developments in the credit card and auto loan delinquency rates since the onset of the Covid 19 pandemic through the third quarter of 2025.

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  • Robert M. Adams & Cord Barnes & Connor Bopst & Kamila Sommer, 2025. "A Note on Recent Dynamics of Consumer Delinquency Rates," FEDS Notes 2025-11-24, Board of Governors of the Federal Reserve System (U.S.).
    • Handle: RePEc:fip:fedgfn:2025-11-24
    DOI: 10.17016/2380-7172.3921
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