“For high-income and middle-income consumers, their late payments have actually dropped three of the last four months,” said Silvio Tavares, President and CEO at VantageScore, on CNBC’s ‘Squawk Box’ today. “When you look at the lower-income consumers for that same period, their delinquencies have increased. That’s a cause for concern.”
Tavares joined CNBC to discuss the key drivers of consumer creditworthiness in 2026, credit health divergence across income levels and the impact of the current employment picture.
Additionally, he noted that:
“If we look at 2026, the employment picture is going to be a key driver of consumers’ creditworthiness. There has been much said about factors that are decreasing employment, like artificial intelligence. We don’t actually see that in the numbers yet, and for the most part, the employment picture is very good.”
See the full interview here.
