What is the Delinquency Rate and How will it Affect the Global Market?
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U.S. household debt stress is rising as 13.1% of credit card balances are now 90+ days delinquent—the highest since 2011—student loan delinquencies hit 10.3% (the highest since 2020) with roughly $171 billion of student debt 90+ days delinquent and auto loan delinquencies at record highs after pandemic protections ended. This mounting consumer credit stress increases downside risk for risk assets and could pressure crypto adoption, retail participation in DeFi and CEX volumes, and token fundraising and market liquidity.
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- Analyst Charlie Bilello said 13.1% of U.S. credit card balances are now 90+ days delinquent.
- Student loan balances 90+ days delinquent reached 10.3%, the highest since 2020.
- Global Markets said roughly $171 billion in student loan debt is now 90+ days delinquent.
U.S. household debt stress is rising again as late payments climb across credit cards, student loans, and auto loans. Charlie Bilello said 13.1% of credit card balances are now at least 90 days delinquent, marking the highest level since 2011.
The pressure is also spreading beyond credit cards. Student loan delinquencies have snapped back after pandemic-era protections ended, while auto loan delinquencies have reached a record high. Frank Luntz said Americans have now hit decade-high delinquency rates across several major debt categories.
Credit Card Stress Hits 2011 High
Charlie Bilello’s chart sh…
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