US serious delinquencies are skyrocketing: The share of credit card debt that is delinquent 90+ days reached 12.3% in Q2 2025, the highest since Q2 2011. This is just 1.4 percentage points below the all-time high. Furthermore, 5.0% of auto loans are now seriously delinquent, only 0.3 percentage points below the record set in Q4 2010. Meanwhile, student loan serious delinquencies spiked 9.4 percentage points over the last 2 quarters to 10.2%, the highest since Q1 2020. US consumers are falling behind on debt payments at rates rarely seen before.