Total Installment Loans, Delinquency Rate, 30 Days and Over for United States
M09088USM156NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.82
Year-over-Year Change
-4.71%
Date Range
11/1/1947 - 12/1/1968
Summary
The Total Installment Loans, Delinquency Rate, 30 Days and Over for the United States measures the percentage of installment loans that are at least 30 days past due. This metric provides insights into consumer credit health and can inform economic and policy decisions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This delinquency rate tracks the share of outstanding installment loans, such as auto loans and personal loans, that are considered delinquent based on a 30-day or longer past-due status. It serves as an indicator of consumer credit risk and financial stress within the broader economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on reports from financial institutions.
Historical Context
Policymakers and analysts monitor this delinquency rate to assess consumer credit conditions and potential risks to financial stability.
Key Facts
- The delinquency rate reached a high of 5.31% in 2010 during the Great Recession.
- Delinquency rates have generally declined since the 2008-2009 financial crisis.
- Elevated delinquency rates can signal broader economic stress and credit tightening.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of outstanding installment loans that are at least 30 days past due, providing insight into consumer credit health and risk.
Q: Why is this trend relevant for users or analysts?
A: The installment loan delinquency rate is an important indicator of consumer credit conditions and financial stability, informing economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on reports from financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this delinquency rate to assess consumer credit conditions and potential risks to financial stability.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delays, providing timely insights into consumer credit trends.
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Citation
U.S. Federal Reserve, Total Installment Loans, Delinquency Rate, 30 Days and Over for United States (M09088USM156NNBR), retrieved from FRED.