A new report from the Federal Reserve Bank of New York sheds light on the financial struggles faced by low-income borrowers amidst the post-pandemic era. The report, which is the third in a series highlighting the financial dynamics of low-income households, draws upon anonymized credit report data from Equifax and income data from the 2016 Census Bureau American Community … [Read more...] about Rise in Delinquencies for Low-Income Borrowers
delinquencies
Americans’ Past-Due Bills Continue to Mount
In September, there was a significant increase in newly-delinquent debts, contributing to the overall rise in unpaid bills among Americans. VantageScore researchers have observed a continuous climb in delinquencies, reaching a new 12-month high last month. Surge in Freshly Past-Due Debt One notable aspect of this trend is the sharp rise in debt that is less than two months … [Read more...] about Americans’ Past-Due Bills Continue to Mount
