Is there a consumer credit problem?

 So let's look at the rational consumer. Consumers should be cutting back on credit usage. Consumers should also be facing greater risks because the cost of holding balances is higher today than three years ago. Every income group is showing higher delinquencies. This is not a low income group problem. This is also an issue across generations. Younger generations have higher delinquencies than older generations. This generational difference has always been the case, but we are seeing every group having growing credit problems. There is no recession and growth is good, but it is not clear household finances are feeling it.