Recent data from VantageScore reveals a concerning trend among high-income Americans earning over $150,000 annually. Delinquency rates for credit card and auto loan payments in this demographic have more than doubled since 2023, surpassing increases seen in lower-income groups. While the overall delinquency rate for high earners remains low at 0.34%, the spike in delinquencies is accelerating. Auto loan delinquencies have shown the most significant increase. Factors such as a cooling job market and higher housing costs are cited as driving forces behind the financial struggles of top earners. This trend poses broader economic concerns, as wealthier Americans’ spending plays a crucial role in the economy, with tighter budgets affecting various income brackets. (Newser)
Even High-Income Earners Are Starting To Struggle With Paying Bills
Jul 30, 2025 | 8:01 PM