loan delinquencies

An increasing number of auto loans are several months past due. That’s a sign that people who are already struggling with the higher cost of living are falling further behind.

More than 10% of student loans are at least 90 days past due. This comes after a pandemic-era pause in repayments and the end of a low cost repayment program.

Last month, 6.65% of subprime borrowers were at least 60 days late on their car payments. That’s the highest delinquency rate since the 1990s, according to Fitch Ratings.

Vehicle sticker prices are way up — and so are maintenance and insurance. Plus, Americans are buying bigger cars with more fancy stuff these days.

Delinquency rates remain "elevated," according to the NY Fed, especially on student loans.

But other positive factors in the economy are limiting the potential damage, economists say, like low unemployment.