Americans Increase Their Borrowing for 21st Straight Quarter

Americans have increased borrowing for the 21st consecutive quarter, with household debt reaching nearly $14 trillion. This rise is led by mortgages, with increases also seen in student, credit card, and auto loans. Despite concerns, indicators like falling bankruptcies and debt collections suggest consumer health is stable. However, rising delinquencies and higher interest rates present a mixed economic picture.

How have bankruptcies and debt in collections changed?

What conflicting picture is presented regarding delinquencies and debt management?