Daniel Mangrum

@danielmangrum.com

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Economist at NY Fed studying consumer finance, household debt, education, and urban topics. Occasional NBA and NYC/BK content. Views are all mine. www.danielmangrum.com

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Map of student loan delinquency rates. Data available in the link

Session Title: ID# 20729: Student Loans and Financial Decisions
Paper Title: ID# 54303 Financial Education and Household Financial Decisions during the Pandemic
Session Date: Friday, November 22, 2024
Session Time: 8:30 AM Eastern Time
Session Room: Camellia 2

A time series of delinquency rates for various credit product types, spanning from 2003Q1 to 2024Q3, is presented. This analysis highlights the credit card delinquency rate, which exhibited a gradual increase from approximately 4% in early 2017 to 5.5% just prior to the pandemic. Notably, the series experienced a sudden decline to a record low of 3.5% in late 2021, followed by a rapid ascent through 2024. Since the start of 2024, the rate has exhibited a flattening trend before reaching approximately 7% in 2024Q3. The underlying data can be accessed on the FRBNY Center for Microeconomic Data website.