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Trump's 'Proud' Economy Under Scrutiny: Delinquency Rates Highest Since 2017, Young Borrowers' Defaults Increase
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Trump's 'Proud' Economy: Delinquency Rates Hit 2017 High, Young Borrowers Struggle
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Firstpost
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11-02-2026, 14:49
Trump's 'Proud' Economy: Delinquency Rates Hit 2017 High, Young Borrowers Struggle
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US President Donald Trump views the economy positively, despite rising delinquency rates.
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Mortgage and credit card delinquency rates reached 4.8% in Q4, highest since 2017.
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Rise driven by higher defaults among low-income and young borrowers, indicating a widening economic divide.
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Total household debt rose to $18.8 trillion; credit card serious delinquencies hit 12.7%, highest since 2011.
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Trump claims 5.6% GDP growth during his presidency, but official data shows 4.4% in Q3 2025 and no 5%+ growth since 2021.
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