Third, the percentage of 90-day and more delinquency by debt type. Notice the plunge of student loans. The only reason for the decline is current federal policy to cease repayments.And as might be deduced from the increase in credit, there has been a significant decrease in savings rates. Here’s a graph from the Federal Reserve Bank of St. Louis showing the pattern.These are averages and, as such, they say both much and little.
The graph below — yes, another one — shows the percentage of credit card borrowers slipping into more than 90 days delinquency by age.And auto loan delinquency growth by age.Those who are older might shrug their shoulders and expound on howwere responsible and that it was “these kids today” who never learned how to manage their finances and lives.