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Open original source ↗BREAKING: 1 in 5 American families are behind on loan payments, the highest since 2010, per the Federal Reserve.
That’s up from about 12% in the Fed’s previous survey.
Families more than two months behind rose to over 8%, from 5% in 2022.
8.6% of families now spend more than 40% of their income on debt payments, the highest since 2013.