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๐Ÿค” Speculation / Opinion

Quarterly Report on Household Debt and Credit (May 2023). The current extension of the student loan pause will continue until 60 days after either June 30 or the date of a Supreme Court decision.

Whenever this happens, looks for delinquencies to increase across the board for (18-29) and (30-39).

Source: Quarterly Report on Household Debt and Credit (May 2023)

Source on student loan forgiveness date: https://www.forbes.com/sites/adamminsky/2023/05/15/student-loan-pause-update-why-biden-may-not-extend-it-again-and-how-it-relates-to-loan-forgiveness/?sh=64f26da14eee

First, look at how much of the Student Debt is held by (18-29) and (30-39):

r/Superstonk - Quarterly Report on Household Debt and Credit (May 2023). The current extension of the student loan pause will continue until 60 days after either June 30 or the date of a Supreme Court decision. Whenever this happens, looks for delinquencies to increase across the board for (18-29) โ€ฆ

Delinquencies in these age brackets are already starting to tick up:

r/Superstonk - Quarterly Report on Household Debt and Credit (May 2023). The current extension of the student loan pause will continue until 60 days after either June 30 or the date of a Supreme Court decision. Whenever this happens, looks for delinquencies to increase across the board for (18-29) โ€ฆ

You'll notice it follows an order too: House, Auto, credit card (student loan completely ignored):

r/Superstonk - Quarterly Report on Household Debt and Credit (May 2023). The current extension of the student loan pause will continue until 60 days after either June 30 or the date of a Supreme Court decision. Whenever this happens, looks for delinquencies to increase across the board for (18-29) โ€ฆ
r/Superstonk - Quarterly Report on Household Debt and Credit (May 2023). The current extension of the student loan pause will continue until 60 days after either June 30 or the date of a Supreme Court decision. Whenever this happens, looks for delinquencies to increase across the board for (18-29) โ€ฆ
r/Superstonk - Quarterly Report on Household Debt and Credit (May 2023). The current extension of the student loan pause will continue until 60 days after either June 30 or the date of a Supreme Court decision. Whenever this happens, looks for delinquencies to increase across the board for (18-29) โ€ฆ
r/Superstonk - Quarterly Report on Household Debt and Credit (May 2023). The current extension of the student loan pause will continue until 60 days after either June 30 or the date of a Supreme Court decision. Whenever this happens, looks for delinquencies to increase across the board for (18-29) โ€ฆ

TLDRS:

  • Auto loans are above 3% delinquency for (30-39) and approaching 5% for (18-29)
  • Credit Cards are above 6% delinquency for (30-39) and approaching 9% for (18-29)
  • Student Loan delinquency is being artificially suppressed currently.
  • Speculation: when folks (18-29) and (30-39) have to pay Auto loans, Credit Card dent, and Student loans all at the same time, delinquencies across all 3 will jump bigly.
r/Superstonk - Quarterly Report on Household Debt and Credit (May 2023). The current extension of the student loan pause will continue until 60 days after either June 30 or the date of a Supreme Court decision. Whenever this happens, looks for delinquencies to increase across the board for (18-29) โ€ฆ

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