Bankruptcies would wipe out the outstanding debt reducing the delinquencies.
The question is what has happened to total consumer debt.
The heading on the follwing chart was:
Falling indebtedness is largely due to defaults rather than repayment
But I just heard yesterday that there were the fewest credit card delinquencies in over 20 years.
Bankruptcies would wipe out the outstanding debt reducing the delinquencies.
The question is what has happened to total consumer debt.
The heading on the follwing chart was:
Falling indebtedness is largely due to defaults rather than repayment