Predicting Credit Card Delinquency Rates

Kayleigh Barnes, Connor Bopst and John Driscoll
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Kayleigh Barnes: https://www.federalreserve.gov/econres/kayleigh-n-barnes.htm

No 2025-02-28-3, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: Consumer credit card delinquency rates, after having rapidly fallen to record-low levels in the early stages of the pandemic, increased sharply, reaching their pre-pandemic levels by 2023:Q1. Since then, delinquencies have risen further, albeit at a diminishing rate, and as of 2024:Q3 stand about 125 basis points above those early 2023 levels (Figure 1). These continued increases could reflect factors that were, before the pandemic, believed to affect household credit quality. They could also be attributable to something unusual related to the pandemic that might indicate a more consequential deterioration in households' financial positions.

Date: 2025-02-28
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2025-02-28-3

DOI: 10.17016/2380-7172.3732

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