Household Debt in Perspective: Delinquency rates are rising, signaling some stress—but overall, they remain historically low. (Fisher Investments, 05/16/2024)
On Tuesday, the New York Fed dropped its Q1 Household Debt and Credit Report—a gauge garnering tons of attention with inflation running high in recent years. Many presume rising living costs are forcing ever-more households deeper into unserviceable hock—a narrative that reemerged this week. But the data don’t support the harangue.
Liberalism just keeps failing upwards.