Birdwatch Note Rating
2024-04-12 05:42:02 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 556FBF532E220542A5D6A55D39BFD09B009265F0414F029DDDE76626978922E7
Participant Details
Original Note:
The report in question makes no such claim. The report cites a Bloomberg article that discusses delinquency rates being at a "decade high". https://www.bloomberg.com/news/articles/2024-01-11/credit-card-delinquency-rates-climb-to-decade-high-in-fed-study Report in question: https://www.philadelphiafed.org/-/media/frbp/assets/consumer-finance/articles/cfi-in-focus-large-bank-data-april-2024.pdf Furthermore: delinquency rates currently stand at 3%, nearly 4% below the 2009 rate of 7%. https://fred.stlouisfed.org/series/DRCCLACBS
All Note Details