Reported about 17 hours ago
Student loan delinquencies surged in early 2025, with the US Department of Education resuming reports of missed payments, leading to 7.74% of student debt now classified as 90+ days delinquent. Experts express concern over potential spillover effects on other debts, including credit cards and auto loans, highlighting a rise in delinquencies across various loan products and emphasizing the financial distress faced by many households amid rising costs and reduced discretionary spending.
Source: YAHOO