- 3.5% of debt in some kind of delinquency in Q3 vs 3.2% in Q2
- Growth in incomes has outstripped growth in debt
- Data suggests rising debt burdens are manageable
- Total Q3 aggregate debt up 0.8% vs Q2 to $17.94 trillion
There is some deterioration here but it's so slow that it's hardly a factor for markets or the Fed.
