3.5% of debt in some kind of delinquency in Q3 vs 3.2% in Q2Growth in incomes has outstripped growth in debtData suggests rising debt burdens are manageableTotal Q3 aggregate debt up 0.8% vs Q2 to $17.94 trillion
There is some deterioration here but it’s so slow that it’s hardly a factor for markets or the Fed.
This article was written by Adam Button at www.forexlive.com.
