Serious delinquency rates in the US are still surging: New serious delinquencies in credit card debt hit ~7% in Q4 2024, the highest in 14 years. This percentage has DOUBLED over the last 3 years as Americans battle inflation. At the same time, new 90+ day delinquencies for auto loans increased to ~3%, the highest in 15 years. Serious delinquency rates for auto loans are now rising at their fastest pace since the 2008 Financial Crisis. Meanwhile, US credit card defaults jumped 50% year-over-year, to 46 billion in the first 9 months of 2024, the highest since 2010. Consumers are falling behind on their debt.