“People with lower credit scores are driving the rise in delinquencies, but they aren’t the only ones struggling to pay debts on time.
Americans’ past-due bills are stacking up, and their newly-delinquent debts saw a marked increase in September.
The rise in freshly past-due debt is one notable part of a continuing overall climb in the share of debts that people have failed to pay on time, according to VantageScore researchers, who said delinquencies of all lengths notched a new 12-month high last month.”
This indicator spiking = recession
Permanent job losses have been rising aggressively pic.twitter.com/3auGubBiNl
— Game of Trades (@GameofTrades_) October 31, 2023