News > US delinquency rates rise to highest level since Covid pandemic: Report
US delinquency rates rise to highest level since Covid pandemic: Report
07/02/2024 12:43 PM | Click to read full article
The overall debt level in the US has increased in the last three months as more types of borrowing, especially in the auto sector, ran into trouble. Overall difficulties remained below levels witnessed before the COVID-19 pandemic erupted in 2020. Total household debt climbed by USD212 billion in the fourth quarter of 2023 to USD17.5 trillion, the New York Federal Reserve said in its latest quarterly Household Debt and Credit Report.
