Consumer confidence is near record lows and recent polling shows Trump’s economy gets dreadful grades from potential voters – a political liability for Republicans ahead of this year’s midterms. And loan delinquencies, especially for lower-income Americans, are starting to get worrisome. Trump on Tuesday night is set to deliver this year’s State of the Union address. Mortgage delinquencies in particular have shot up in recent years, and car loan delinquencies are around where they were during the Great Recession. Student loan delinquencies surged after the US government ended the payment pause in late 2024.

Source: CNN February 24, 2026 16:10 UTC