YOUNGER AMERICANS STRUGGLE WITH DEBT AS DELINQUENCIES RISE
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Delinquency rates on credit cards and car loans have risen sharply, especially for those under 40.
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Inflation, higher interest rates, stagnant wages, and resumed student loans are squeezing younger consumers.
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Delinquency rates rose for older consumers too, but not to pre-pandemic levels.
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Mortgage delinquency rose slightly but remains below pre-pandemic levels.
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Total delinquency rates are still below pre-pandemic levels, but are rising from recent record lows.