--- title: "New Serious Delinquency Rate, Borrowers Age 70 and Over" slug: new-serious-delinquency-rate-borrowers-age-70-and-over summary: "Of the debt owed by borrowers 70 and over, 1.8% was newly 90 or more days late in the year to Q2 2026, down from 1.9% a year earlier" category: "Debt" unit: percent frequency: quarterly direction: higher_is_worse latest_value: 1.7967071947579474 latest_period: "2026-Q2" trend: falling last_updated: "2026-10-29T17:24:17Z" source: "New York Fed Consumer Credit Panel / Equifax" measurement_basis: "Among borrowers age 70 and over, the percent of debt balances that moved into serious delinquency (90 or more days late) over the most recent four quarters, every loan type together. Published by the Federal Reserve Bank of New York in its Quarterly Report on Household Debt and Credit as 'Transition into Serious Delinquency (90+) by Age' (Page 24 Data), a four-quarter moving sum. Drawn from the Consumer Credit Panel, a 5 percent sample of Equifax credit files, leaving out anyone with an unknown birth year. Each value is dated to the end of its quarter, and prior quarters are revised by the New York Fed at each release." source_url: https://www.newyorkfed.org/microeconomics/hhdc canonical_html: https://americandefault.org/indicators/new-serious-delinquency-rate-borrowers-age-70-and-over/ citation_apa: "Kilburn, R. (2026). New Serious Delinquency Rate, Borrowers Age 70 and Over [Data set]. American Default Research. https://americandefault.org/indicators/new-serious-delinquency-rate-borrowers-age-70-and-over/" citation_chicago: "Kilburn, Ross. 2026. \"New Serious Delinquency Rate, Borrowers Age 70 and Over.\" American Default Research. https://americandefault.org/indicators/new-serious-delinquency-rate-borrowers-age-70-and-over/." citation_mla: "Kilburn, Ross. \"New Serious Delinquency Rate, Borrowers Age 70 and Over.\" American Default Research, 2026, americandefault.org/indicators/new-serious-delinquency-rate-borrowers-age-70-and-over/." --- # New Serious Delinquency Rate, Borrowers Age 70 and Over > Of the debt owed by borrowers 70 and over, 1.8% was newly 90 or more days late in the year to Q2 2026, down from 1.9% a year earlier ## Current Reading As of 2026-Q2, New Serious Delinquency Rate, Borrowers Age 70 and Over is **1.8%** (falling — improving for households). of the debt owed by borrowers age 70 and over became 90 or more days late in the year to Q2 2026 ## Recent Values | Period | Value | |--------|-------| | 2026-Q2 | 1.8% | | 2026-Q1 | 1.91% | | 2025-Q4 | 2.14% | | 2025-Q3 | 2.13% | | 2025-Q2 | 1.93% | | 2025-Q1 | 1.69% | | 2024-Q4 | 1.3% | | 2024-Q3 | 1.27% | | 2024-Q2 | 1.24% | | 2024-Q1 | 1.28% | | 2023-Q4 | 1.32% | | 2023-Q3 | 1.11% | ## Historical Context - Peak since 2000: **5.99%** in Q3 2009 - Low since 2000: **0.62%** in Q4 2021 - Pre-pandemic average (2015-01 – 2019-12): **1.6%** - Post-pandemic average (2020-01 – 2024-12): **1.1%** ## 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: Among borrowers age 70 and over, the percent of debt balances that moved into serious delinquency (90 or more days late) over the most recent four quarters, every loan type together. Published by the Federal Reserve Bank of New York in its Quarterly Report on Household Debt and Credit as 'Transition into Serious Delinquency (90+) by Age' (Page 24 Data), a four-quarter moving sum. Drawn from the Consumer Credit Panel, a 5 percent sample of Equifax credit files, leaving out anyone with an unknown birth year. Each value is dated to the end of its quarter, and prior quarters are revised by the New York Fed at each release. 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 ## Related Indicators - [new-serious-delinquency-rate-borrowers-age-18-to-29](https://americandefault.org/indicators/new-serious-delinquency-rate-borrowers-age-18-to-29/) ## Machine-Readable Endpoints - HTML page: https://americandefault.org/indicators/new-serious-delinquency-rate-borrowers-age-70-and-over/ - JSON: https://americandefault.org/api/indicators/new-serious-delinquency-rate-borrowers-age-70-and-over.json - CSV: https://americandefault.org/api/downloads/new-serious-delinquency-rate-borrowers-age-70-and-over.csv - BibTeX: https://americandefault.org/citations/new-serious-delinquency-rate-borrowers-age-70-and-over.bib - RIS: https://americandefault.org/citations/new-serious-delinquency-rate-borrowers-age-70-and-over.ris ## Citation **APA 7th** Kilburn, R. (2026). New Serious Delinquency Rate, Borrowers Age 70 and Over [Data set]. American Default Research. https://americandefault.org/indicators/new-serious-delinquency-rate-borrowers-age-70-and-over/ **Chicago (author-date)** Kilburn, Ross. 2026. "New Serious Delinquency Rate, Borrowers Age 70 and Over." American Default Research. https://americandefault.org/indicators/new-serious-delinquency-rate-borrowers-age-70-and-over/. **MLA 9th** Kilburn, Ross. "New Serious Delinquency Rate, Borrowers Age 70 and Over." American Default Research, 2026, americandefault.org/indicators/new-serious-delinquency-rate-borrowers-age-70-and-over/. 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.