08:18 AM EDT, 09/13/2024 (MT Newswires) -- US consumers' late debt payments are leveling off in recent months after rising earlier this year, Reuters reported Friday, citing bankers and industry analysts.

Delinquency rates for credit cards, car and personal loans, and first mortgages declined to just over 2% in August, compared with about 2.5% in 2019, Reuters reported, citing data provided by a Moody's Analytics economist.

The decrease in credit card and loan delinquencies suggest Americans' personal financial stability is improving, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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