Checking in on consumer credit

Daily Data: Some data says 'better' and some says 'worse'

In today’s dispatch:

• consumer credit data is . . . mixed?

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Checking in on consumer delinquencies

The good news is that there is little evidence that people who have jobs are losing their jobs.

That is good.

The other good news is that for the bigger consumer credit card issuers, delinquencies ticked down a bit (maybe).

Makes sense—putting the worst of ‘22-’23 behind them.

I suppose the less good news is that elsewhere consumer credit is still getting a bit worse, and maybe it’s migrating up the credit scale?

That’s Goldman’s read of Equifax data, at least, but no one else seems to be talking about it, for what it’s worth.

Anyways, here da’ charts:

Credit Card 60-Day delinquencies definitely inched higher:

Personal Loan delinquencies also a tad higher: