After the economic stimulus packages of the pandemic years, consumer debt has grown progressively to a record-setting level. This unprecedented level of debt has yet to slow consumer spending, which jumped a seasonally adjusted 1.8% in January from the prior month, the largest increase in almost two years. With such high levels of debt, can these levels of spending continue? To better understand the current situation, occam dives into the anatomy of delinquent accounts as well as consumer spending preferences in an inflationary environment to provide a look at the reality of consumer debt.
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