Delinquencies are the lowest they've been since 1990 - that's 23 years, if you're keeping score (see the full story on CNN Money). Debt is also down, but as a result of charge-offs and payment restructuring, says NerdWallet's analysis of household credit card debt. According to the same article:
- The average credit card debt in the US is $7,149.
- The average for indebted households is $15,325.
- The percentage of households in the US carrying a credit card balance? 46.7%.
So, here's the $850 billion question: is lower debt and lower delinquency good or bad for the finance industry? To what degree are spending habits changing as opposed to debt forgiveness?