Consumer Debt Trends Penn Mutual Asset Management Student loans and auto loans make up the greatest share of consumer debt, representing 10.1% and 9.4% of total outstanding balances, respectively. positive growth rates were observed across all consumer debt categories in 2021, with the largest year over year increases seen in auto and credit card loans (6.1% and 4.5%). The views expressed are those of the author, and do not necessarily reflect the views of penn mutual asset management. this material is not intended to be relied upon as a forecast, research or investment advice, and it is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy.
Penn Mutual Asset Management Announces Update To Executive Positions The views expressed are those of the author, and do not necessarily reflect the views of penn mutual asset management. this material is not intended to be relied upon as a forecast, research or investment advice, and it is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Consumer credit performance is beginning to show some weakness as evidenced by credit card debt trends. investment specialist jen ripper examines the impact of rising interest rates, declining. Consumer credit performance is beginning to show some weakness as evidenced by credit card debt trends. investment specialist jen ripper examines the impact of rising interest rates, declining. Consumer debt trends | penn mutual asset management, llc. investment specialist at penn mutual asset management 1y report this post penn mutual asset management, llc.
The Three Levers Penn Mutual Asset Management Consumer credit performance is beginning to show some weakness as evidenced by credit card debt trends. investment specialist jen ripper examines the impact of rising interest rates, declining. Consumer debt trends | penn mutual asset management, llc. investment specialist at penn mutual asset management 1y report this post penn mutual asset management, llc. Early delinquency transition rates for mortgages increased by 0.1 percentage point yet remained low by historic standards. about 136,000 consumers had a bankruptcy notation added to their credit reports in q2 2024, an increase from the previous quarter in line with pre pandemic seasonal trends. household debt and credit developments as of q2 2024. Total household debt rose by $109 billion to reach $17.80 trillion, according to the latest quarterly report on household debt and credit. mortgage balances were up $77 billion to reach $12.52 trillion, while auto loans increased by $10 billion to reach $1.63 trillion and credit card balances increased by $27 billion to reach $1.14 trillion.
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