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Stock impact report

Americans are falling behind on their payments [CNN]

Evercore Inc. Class A (EVR) 
Last evercore inc. class a earnings: 4/22 06:00 am Check Earnings Report
Company Research Source: CNN
New York CNN — America's relentless spending has kept the economy motoring. But it's starting to worry some observers. Chicago Federal Reserve President Austan Goolsbee said Friday that while consumer debt levels aren't yet “especially” high, the Fed is concerned about the rate of consumer delinquencies, or missed or late payments on expenses such as auto loans, credit card bills and rent. Ad Feedback “If the delinquency rate of consumer loans starts rising, that is often a leading indicator for, ‘things are about to get worse,'” he said at a moderated panel hosted by the Society for Advancing Business Editing and Writing. Americans are already struggling to keep up with their credit card payments. Credit card debt rose $143 billion during the fourth quarter of 2023 from the year before, according to data from the New York Fed. The rate at which credit cards and auto loans are transitioning into delinquency continued to top pre-pandemic levels. Delinquency transition rate Show less Read more
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