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Key Points:
New delinquency rates for auto and mortgage loans fell modestly from Q2 to Q3 while credit card loans saw a modest quarter-over-quarter increase.
- New delinquency rates for student loans continued to grow over the third quarter following the resumption of delinquency reporting, which had been paused for nearly 5 years.
New Delinquent Balances by Loan Type
While total debt balances have increased in nominal terms, debt as a percentage of disposable income is currently comparable to or lower than pre-pandemic levels for auto, credit card, student and mortgage debt.
Debt Balance as a Percentage of Disposable Personal Income
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