The share of overdue consumer loans fell slightly in the second quarter, according to the Federal Reserve Bank of New York’s Quarterly Report on Household Debt and Credit. The total balance of loans delinquent at least 30 days declined to 4.7%, pointing to an improvement for the US consumer. Some measures of newly delinquent debt also decreased, reinforcing the positive trend.

The report, released Tuesday, covers data through June 2026. Overdue consumer loans and newly delinquent debt both showed improvement, suggesting that households are managing their finances better despite broader economic uncertainties. The Federal Reserve Bank of New York noted that the decline in delinquency rates was broad-based across loan types.

While the overall delinquency rate remains historically low, the second quarter data indicates continued resilience in consumer credit. The improvement in overdue consumer loans and newly delinquent debt measures suggests that the worst of the pandemic-era financial strain has passed, with borrowers maintaining repayment capacity.