00:00It's Benzinga, bringing Wall Street to Main Street
00:02Americans are increasingly worried about falling behind on debt payments, according to CNBC.
00:08The New York Federal Reserve's Survey of Consumer Expectations showed the perceived
00:13probability of missing a minimum debt payment rose to the highest level since April 2020.
00:18The increase was strongest among adults over 60, people without a college degree,
00:23and households earning under $50,000 a year.
00:25LendingTree said anxiety is rising as the labor market softens and concerns grow about job
00:31security and access to credit. LendingTree research found that one missed payment can lower a credit
00:37score by about 80 points. Borrowers with higher scores can lose 100 points or more after a
00:42single 30-day delinquency. For all things money, visit Benzinga.com.
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