US consumer delinquency fears highest since 2020 in Fed survey
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Perceptions of potential delinquency on debts among US households rose to 14.2% in September 2024, the highest since April 2020; this marks the fourth consecutive month of increases, particularly among middle-aged respondents; the survey indicates a growing divide in the US economy, with some households thriving while others struggle; fewer consumers reported being better off compared to a year ago; however, there is a more optimistic outlook for the coming year regarding financial situations and credit access; inflation expectations remained stable, with anticipated gasoline prices rising by 3.4% over the next year.
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