New York Fed: Credit card balances 8.1% higher than a year ago

• 3.5% of debt in some kind of delinquency in Q3 vs 3.2% in Q2
• Growth in incomes has outstripped growth in debt
• Data suggests rising debt burdens are manageable
• Total Q3 aggregate debt up 0.8% vs Q2 to $17.94 trillion

There is some deterioration here but it’s so slow that it’s hardly a factor for markets or the Fed.

This article was written by Adam Button at www.forexlive.com.