US Troubled Debt Rises in Third Quarter
Overall troubled borrowing in the US economy rose modestly during the third quarter. The New York Fed reported that credit quality remains stable and consistent with pre-pandemic levels despite increases in specific loan delinquencies.
Troubled borrowing in the United States economy rose to 5% in the third quarter, edging up three-tenths of a percentage point from the previous period. The increase reflects persistent household debt pressures following the pandemic, according to regional central bank data. For investors, the uptick remains well below historical crisis thresholds, signaling resilient overall credit health.
