US consumers predict growing pressure from inflation and debt
More respondents to NY Fed survey expect to miss payments and to face steeper price rises
US households’ perceptions of upcoming debt delinquency are at their highest levels since April 2020, according to the Federal Reserve Bank of New York.
Its latest consumer expectations survey, published on November 12, says that the median reported probability of missing a minimum payment over the next quarter went from 13.6% in August to 14.2% in September. This was the fourth consecutive month in which the figure had risen.
The increase was most pronounced for survey respondents between the
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