Things feel steady as families navigate stubborn living costs and focus on managing household debt.
Back to PulseThis week, things feel steady as families navigate stubborn living costs and focus on managing debt.
- Federal Reserve Survey of Consumer Finances found nearly 20% of households were late on a debt payment in 2025, a reminder to watch the basics.
- Federal Reserve Bank of New York noted 13.1% of credit card balances are 90 or more days past due with average interest rates at 21%, highlighting the value of paying down balances.
- CME FedWatch reported inflation rose 3.7% in the 12 months through September, pushing mortgage rates to a three-year high of 7.40%.
It is a similarly steady read to week of Oct 5 as a wary stretch settled into a mixed finish, even as folks on r/personalfinance share strategies to tackle balances.
Related views
- Nearly 1 in 5 American families are behind on debt — worst since 2010
- Credit Card Delinquencies Reach Highest Level Since 2011 as Balances Hit $1.25 Trillion
- Inflation jumps to 3.7%, raising odds of another Fed rate hike in October
- Sole earner with $28K debt and $5,800/month income: where to start?
- week of Oct 5
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