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Over 10% of subprime debt in U.S. is delinquent, Mark Zandi warns

Over 10% of subprime debt in U.S. is delinquent, Mark Zandi warns
Subprime borrowers face rising payment strain

Subprime borrowers in the U.S. are struggling increasingly to keep up with their loan payments, according to economist Mark Zandi. More than 10% of outstanding debt to these borrowers was delinquent as of February.

Zandi highlights this trend as a further concern for the economy, noting that these challenges are occurring even before considering the recent hostilities involving Iran.

Zandi has previously discussed mounting challenges in the U.S. economy. In an interview with CNBC, he addressed rising recession risks on Wall Street. He cited underlying cracks that have raised concern among market participants.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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