Though the American consumer remains resilient, economists and other experts remain vigilant of key indicators and of potential perils ahead, particularly as student loans enter repayment this fall.  

This week, Reuters published an article on the health of the American consumer citing VantageScore CreditGauge™ May 2023 data.  

“Credit scoring company, VantageScore, said late last month that subprime and near-prime borrowers were falling behind on their payments, as delinquencies climbed across loan categories. 

Auto loan delinquencies surged most sharply, while late payments on credit cards and mortgages increased to a lesser extent, it said.” 

Read more here: Healthy US consumers shrug off recession concerns, for now