Submitted 3 hours ago by cm0002@lemmy.world to economics@lemmy.world
https://www.cnn.com/2025/09/16/economy/debt-credit-score-student-loans
The findings underscore the growing disconnect between the euphoria on Wall Street and pessimism on Main Street. While US stocks continue to shatter record highs, a significant chunk of Americans say they are hurting.
this is just irresponsible reporting because it completely elides over the reason that stocks are up - because the dollar is down almost 11% YTD
These delinquency rates are “more consistent with an economy in recession than one still in expansion,” FICO said, adding that mortgage and home equity loan delinquency rates are still near historic lows.
2 points drop the most in 16 years? either the average is pretty stable, for 2009 was so bad and the recovery so slow that just now we see a correction
cowfodder@lemmy.world 2 hours ago
Reminder that credit scores were invented to keep black people from being able to finance things.