Even High Earners Are Falling Behind on Credit and Auto Loan Payments

Upper-income Americans are increasingly struggling to keep up with credit card and auto loan payments, signaling rising financial stress even among higher earners.

Delinquencies in households earning $150,000 or more have surged nearly 20% over two years, partly due to slower hiring and higher borrowing costs. This shift highlights growing economic vulnerability as consumer spending from top earners has been a key driver of growth.