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Student loans drive consumer debt delinquency to five-year high

The article from Fortune, published on May 15, 2025, discusses a significant surge in consumer debt delinquency rates following the expiration of the student loan payment pause. The pause, which had been in place for several years due to economic relief measures, ended, leading to a sharp increase in delinquencies as borrowers struggled to resume payments. The report highlights that not only student loans but also credit card and auto loan delinquencies have risen, indicating broader financial stress among consumers. Experts attribute this trend to a combination of factors including inflation, stagnant wage growth, and the resumption of student loan obligations, suggesting that many Americans are finding it increasingly difficult to manage their debt. The article also notes that policymakers are considering various interventions to mitigate the impact on borrowers, though no concrete solutions have been implemented yet.

Read the Full Fortune Article at:
[ https://fortune.com/2025/05/15/consumer-debt-delinquency-surges-student-loan-payments-pause-expires/ ]