According to this article delinquency rates on car and credit card loans more than doubled for households earning 150k+ from 2023 to (presumably)2024! The delinquency rate MORE THAN DOUBLED!
. . . From somewhere around 0.17%to 0.34% of all loans in this class
So, no households earning more than 150k are not struggling.
Reporting relative percent increases for extremely small values is a journalism sin.
According to this article delinquency rates on car and credit card loans more than doubled for households earning 150k+ from 2023 to (presumably)2024! The delinquency rate MORE THAN DOUBLED!
. . . From somewhere around 0.17%to 0.34% of all loans in this class
So, no households earning more than 150k are not struggling.
Reporting relative percent increases for extremely small values is a journalism sin.