Higher-income American consumers are showing signs of stress

https://www.cnbc.com/2025/01/27/higher-income-american-consumers-are-showing-signs-of-stress-.html

by cnbc_official

7 comments

  1. Inflation, job concerns, and already high interest rates are putting the squeeze on many American consumers.

    Now, even high earners, defined as people with incomes of $150,000 or more, are showing signs of stress. These borrowers are increasingly having trouble meeting payments on credit cards, auto loans and mortgages.

    The delinquency rate among high earners is near a five-year high, rising 130% over the last two years from January 2023 to December 2024, according to a new report by VantageScore, a national credit company, released early to CNBC.

    “We’ve seen significant increases in services cost, like home insurance and auto insurance, and that is hitting the high-income consumer harder than most. That’s what’s driving that delinquency rate,” said VantageScore CEO Silvio Tavares in an interview with CNBC.

    More: [https://cnb.cx/3EdX6o7](https://cnb.cx/3EdX6o7)

  2. ![gif](giphy|l0MYGb1LuZ3n7dRnO)

    Just imagine how bad it is for us making <$100k a year. Or the median, making $80,610 as a household!

  6. “consumers” is a good way to dehumanize people as entities who’s sole purpose is to consume and generate profit

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