US consumers' overdue payment concerns have been at a high level since 2020 - NY Fed survey
Updated 2024/8/13 1:45 JST (some excerpts)
Expectations that it will be difficult to find a new job after losing a job are getting stronger
Inflation expectations remain unchanged 1 year ahead - 3 years ahead are the lowest since statistics began
An investigation by the New York Federal Bank revealed that concerns about late payments are intensifying among American consumers.
According to data released by the Federal Reserve Bank on the 12th, the average probability that consumers will be delinquent on the minimum repayment amount of debt over the next 3 months has risen to 13.3%. It has been a high level since April 2020, which was the beginning of the novel coronavirus disaster. Stress over late payments was strongest among consumers with an annual income of less than 50,000 dollars (about 7.37 million yen) and an educational background of a high school graduate or lower.
Expectations that it will be difficult to find a new job after losing a job are getting stronger
Inflation expectations remain unchanged 1 year ahead - 3 years ahead are the lowest since statistics began
An investigation by the New York Federal Bank revealed that concerns about late payments are intensifying among American consumers.
According to data released by the Federal Reserve Bank on the 12th, the average probability that consumers will be delinquent on the minimum repayment amount of debt over the next 3 months has risen to 13.3%. It has been a high level since April 2020, which was the beginning of the novel coronavirus disaster. Stress over late payments was strongest among consumers with an annual income of less than 50,000 dollars (about 7.37 million yen) and an educational background of a high school graduate or lower.
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