This entire article seems to be completely based on a non-inflation adjusted write-off value. It is not surprising to me that we are setting write-off records. We were bound to at some point!
It is clear that delinquencies have ticketed up over the last year or two. But this article does not do a particularly good job about contextualizing if this is actually concerning.
It is clear that delinquencies have ticketed up over the last year or two. But this article does not do a particularly good job about contextualizing if this is actually concerning.
Here is the actual rate:
https://fred.stlouisfed.org/series/CORCCT100S
Pretty tough to look at that and determine if this clearly concerning or an moderate adjustment to a changing post-covid environment.