Q3 Report: Millions of Americans Are Seriously Delinquent
The Quarterly Report on Household Debt and Credit, a third quarter report from the Federal Reserve Bank of New York’s Center for Microeconomic Data, frames a disconcerting portrait of Americans who are seriously delinquent. The study was released November 14, citing increases in mortgage, student, auto and credit card debt (increasing by 0.6%, 1.0%, 1.9%…