Debt Delinquencies On The Rise: Nearly 30% Of Americans In Major Cities Behind On Payments
- Nearly 30% of Americans in major metros were behind on at least one debt payment in Q3 2023
- Over 27% had serious delinquencies of 90+ days overdue
- Over 26% had debt in collections
- Millennials and Gen Z had the highest rates of delinquent accounts
- Gen Xers were most likely to fall behind on mortgage payments specifically