NY Fed: Student loans saw 'large uptick' in deliquency in Q1 ...Middle East

Student loans saw large uptick in transition into delinquency rate in Q1Most other types of credit saw steady transition into delinquency ratesAggregate delinquency rate at 4.2% vs 3.6% in Q4Researchers saw household balance sheets in pretty good shapeCredit card and auto balances both trimmed in Q1, mortgages balances roseHousehold debt up 0.9% q/q

This is no big surprise given that the Trump administration restarted the collection of student debt.

This article was written by Adam Button at www.forexlive.com.

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