Yulia Slavina

Gregory Daco: U.S. household debt delinquency rate steady at 4.8% in Q1 '26

Gregory Daco: U.S. household debt delinquency rate steady at 4.8% in Q1 '26
U.S. debt delinquency rate flat Q1 '26

Gregory Daco reports on the New York Federal Reserve's Household Debt & Credit Report for Q1 '26. The U.S. household debt delinquency rate remains flat at 4.8%. New 30-day delinquencies edged lower for credit cards and mortgages, while remaining steady for auto loans. New 90-day delinquencies were steady for auto loans and credit cards, but increased for mortgages.

Daco has previously highlighted data from the Atlanta Fed showing slower wage growth as inflation rises, with job switchers losing their premium in recent analysis. In April, he reported that U.S. CPI inflation increased by 0.6 percent, driven by higher energy, food, and shelter costs during the month. These trends provide context for household debt and credit conditions in early 2026.

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