September 2024 Survey: 1 in 7 Americans Expect to Miss Debt Payments, Rising to 14.2%—Highest Since April 2020

The Federal Reserve Bank of New York recently released its September 2024 survey, revealing that 1 in 7 American consumers expect to miss a debt payment within the next three months. This expectation for debt delinquency has risen to 14.2%, marking the fourth consecutive monthly increase. This level of delinquency is the highest recorded outside … Continue reading September 2024 Survey: 1 in 7 Americans Expect to Miss Debt Payments, Rising to 14.2%—Highest Since April 2020