US Consumer Debt Delinquencies Hit Great Recession Levels, Signaling Macro Headwinds

A new Federal Reserve report reveals a significant deterioration in US consumer debt health. The portion of families behind on loan payments surged to nearly 20% by end of 2025, up from 12% in the prior survey, reaching levels not seen since the Great Recession. Debt-to-income ratios also rose, with 8.6% of families having payment-to-income ratios over 40%. This macro data points to increasing financial strain on households, potentially impacting future consumer spending and broader economic growth 🔗.