More People Can’t Pay Their Loans
A rise in loan delinquencies can be linked to excessive credit growth and the buildup of household debt — which are both warning signs of a coming recession, said David Beckworth, a senior research fellow at the Mercatus Center at George Mason University.
Although a large buildup of debt can be a warning sign, it’s important to remember that delinquencies can also rise as a result of a recession, said Beckworth.
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