--- title: "New Serious Delinquency Rate, Borrowers Age 18 to 29" slug: new-serious-delinquency-rate-borrowers-age-18-to-29 summary: "4% of the debt owed by borrowers under 30 went 90 or more days late in the year to Q2 2026, down from 4.6% a year earlier" category: "Debt" unit: percent frequency: quarterly direction: higher_is_worse latest_value: 4.043149901014605 latest_period: "2026-Q2" trend: falling last_updated: "2026-10-29T17:24:17Z" source: "New York Fed Consumer Credit Panel / Equifax" measurement_basis: "Of all the debt balances held by borrowers age 18 to 29, the share that crossed into 90 or more days late during the previous four quarters, every loan type together. The Federal Reserve Bank of New York publishes it in the Quarterly Report on Household Debt and Credit as 'Transition into Serious Delinquency (90+) by Age' (Page 24 Data), as a four-quarter moving sum of the quarterly transition rate, so one reading covers a year. The denominator is the group's balances that were current or less than 90 days late at the start. Age comes from the New York Fed Consumer Credit Panel, a 5 percent sample of Equifax credit files; a borrower with no birth year on file is left out. Each reading is dated to the last day of its quarter, and the New York Fed revises the whole history each quarter." source_url: https://www.newyorkfed.org/microeconomics/hhdc canonical_html: https://americandefault.org/indicators/new-serious-delinquency-rate-borrowers-age-18-to-29/ citation_apa: "Kilburn, R. (2026). New Serious Delinquency Rate, Borrowers Age 18 to 29 [Data set]. American Default Research. https://americandefault.org/indicators/new-serious-delinquency-rate-borrowers-age-18-to-29/" citation_chicago: "Kilburn, Ross. 2026. \"New Serious Delinquency Rate, Borrowers Age 18 to 29.\" American Default Research. https://americandefault.org/indicators/new-serious-delinquency-rate-borrowers-age-18-to-29/." citation_mla: "Kilburn, Ross. \"New Serious Delinquency Rate, Borrowers Age 18 to 29.\" American Default Research, 2026, americandefault.org/indicators/new-serious-delinquency-rate-borrowers-age-18-to-29/." --- # New Serious Delinquency Rate, Borrowers Age 18 to 29 > 4% of the debt owed by borrowers under 30 went 90 or more days late in the year to Q2 2026, down from 4.6% a year earlier ## Current Reading As of 2026-Q2, New Serious Delinquency Rate, Borrowers Age 18 to 29 is **4.04%** (falling — improving for households). of the debt owed by borrowers age 18 to 29 became 90 or more days late in the year to Q2 2026 ## Recent Values | Period | Value | |--------|-------| | 2026-Q2 | 4.04% | | 2026-Q1 | 4.73% | | 2025-Q4 | 5.34% | | 2025-Q3 | 4.95% | | 2025-Q2 | 4.58% | | 2025-Q1 | 3.35% | | 2024-Q4 | 2.35% | | 2024-Q3 | 2.4% | | 2024-Q2 | 2.34% | | 2024-Q1 | 2.36% | | 2023-Q4 | 2.27% | | 2023-Q3 | 2.06% | ## Historical Context - Peak since 2000: **9.47%** in Q2 2009 - Low since 2000: **0.97%** in Q2 2021 - Pre-pandemic average (2015-01 – 2019-12): **4.68%** - Post-pandemic average (2020-01 – 2024-12): **1.94%** ## Methodology This indicator carries quarterly observations and is interpreted as higher values indicate worse household conditions. Source: New York Fed Consumer Credit Panel / Equifax. Measurement basis: Of all the debt balances held by borrowers age 18 to 29, the share that crossed into 90 or more days late during the previous four quarters, every loan type together. The Federal Reserve Bank of New York publishes it in the Quarterly Report on Household Debt and Credit as 'Transition into Serious Delinquency (90+) by Age' (Page 24 Data), as a four-quarter moving sum of the quarterly transition rate, so one reading covers a year. The denominator is the group's balances that were current or less than 90 days late at the start. Age comes from the New York Fed Consumer Credit Panel, a 5 percent sample of Equifax credit files; a borrower with no birth year on file is left out. Each reading is dated to the last day of its quarter, and the New York Fed revises the whole history each quarter. Automation: collected automatically on the daily refresh pipeline, with no hand entry. ## Source New York Fed Consumer Credit Panel / Equifax — [https://www.newyorkfed.org/microeconomics/hhdc](https://www.newyorkfed.org/microeconomics/hhdc) Data retrieved: 2026-10-29T17:24:17Z ## Machine-Readable Endpoints - HTML page: https://americandefault.org/indicators/new-serious-delinquency-rate-borrowers-age-18-to-29/ - JSON: https://americandefault.org/api/indicators/new-serious-delinquency-rate-borrowers-age-18-to-29.json - CSV: https://americandefault.org/api/downloads/new-serious-delinquency-rate-borrowers-age-18-to-29.csv - BibTeX: https://americandefault.org/citations/new-serious-delinquency-rate-borrowers-age-18-to-29.bib - RIS: https://americandefault.org/citations/new-serious-delinquency-rate-borrowers-age-18-to-29.ris ## Citation **APA 7th** Kilburn, R. (2026). New Serious Delinquency Rate, Borrowers Age 18 to 29 [Data set]. American Default Research. https://americandefault.org/indicators/new-serious-delinquency-rate-borrowers-age-18-to-29/ **Chicago (author-date)** Kilburn, Ross. 2026. "New Serious Delinquency Rate, Borrowers Age 18 to 29." American Default Research. https://americandefault.org/indicators/new-serious-delinquency-rate-borrowers-age-18-to-29/. **MLA 9th** Kilburn, Ross. "New Serious Delinquency Rate, Borrowers Age 18 to 29." American Default Research, 2026, americandefault.org/indicators/new-serious-delinquency-rate-borrowers-age-18-to-29/. Use **American Default Research** as the institutional name in source lists, bibliographies, and press citations. **American Default** is the brand and URL form. **American Distress Index (ADI)** is the product name for the national composite score.