Summary.

While the overall U.S. economy appears stable, a stark wealth divide is emerging. High-income earners (roughly $153,000+ annually) are driving growth, while lower-income households ($73,000 and below) face increasing financial strain.

Consumer debt delinquency is at a near 5-year high, with credit card delinquencies over 90 days reaching 11%, a post-2011 peak. Newly delinquent credit cards are at 9%, also a 2011 high.

Minimum credit card payments hit a 12-year high, while credit scores above 750 reach record highs. Shares of those with scores below 600 have started rising after years of decline.

Nonprime borrowers see default and debt levels exceeding pre-pandemic levels.