Debt Alarm Bells 6/11/26 - Your Money Minute

Summary2 min read

Your Money Minute: “Debt Alarm Bells” — June 11, 2026

Host: Jessica Ettinger, CNBC
Guests: Steve Liesman (CNBC Senior Economics Reporter), Guy Adami (CNBC Fast Money Trader)
Duration: 60 seconds

Episode Overview

This concise episode rings the alarm on rising loan delinquencies across multiple categories in the U.S., drawing on fresh, concerning data from the New York Federal Reserve. Host Jessica Ettinger, joined by CNBC experts, breaks down which types of debt are hitting historic highs and what that signals for everyday Americans.

Key Discussion Points & Insights

Alarming Rise in Loan Delinquencies

[00:00-00:12] Jessica Ettinger: Opens by questioning listeners’ loan payment status, quickly highlighting that Americans are falling behind on payments at the highest rate in nearly a decade.

Data Snapshot: Delinquencies and Debt Categories

[00:12-00:16] Steve Liesman:

"Look at the 90 plus day delinquencies – overall a nine year high."
Liesman underscores that late loan payments are the worst they've been since 2017.
[00:16-00:35] Steve Liesman (continued):
- Credit Cards:
  
  "Credit cards at a 15 year high, above 13%, and [they've] not been there since the wake of the Great Financial Crisis."
  Record credit card balances combine with high interest rates to exacerbate payment struggles.
- Mortgages:
  
  "Mortgages [at an] eight year high."
  Mortgage delinquency rates are the highest since 2018.
- Student Loans:
  
  "Student loans a seven year high."
  More borrowers are missing student loan payments than any time since 2019.

Auto Loans: The Starkest Signal

[00:35-00:44] Jessica Ettinger & Guy Adami:
- Jessica introduces car loans as another area of concern.
- Guy Adami:
  
  "Auto loan delinquency rates now are at a 32 year high." [00:41-00:44]
  Indicates the most severe rates since 1994, pointing to broad financial stress.

The Takeaway: Many Can’t Keep Up

[00:44-00:59] Jessica Ettinger:
Concludes that, across the board, "a lot of people just aren't making or can't make all types of loan payments," reinforcing the breadth of the debt challenge.
- Refers listeners to the full CNBC report for more in-depth figures.

Notable Quotes & Memorable Moments

Steve Liesman [00:12]:

"Look at the 90 plus day delinquencies – overall a nine year high."
Steve Liesman [00:26]:

"Credit cards at a 15 year high above 13% and not been there since the wake of the Great Financial Crisis."
Guy Adami [00:41]:

"Auto loan delinquency rates now are at a 32 year high."
Jessica Ettinger [00:44]:

"A lot of people just aren't making or can't make all types of loan payments."

Important Timestamps

00:00-00:12: Jessica Ettinger introduces the alarming trend in payment delinquencies.
00:12-00:35: Steve Liesman details specific delinquency highs by category.
00:41-00:44: Guy Adami highlights historic auto loan delinquency rate.
00:44-00:59: Jessica Ettinger emphasizes the widespread struggle and directs listeners to further resources.

Tone & Language

The episode maintains CNBC’s signature brisk, data-driven, and accessible style, using plain language with direct attributions from experts to emphasize urgency—aimed squarely at informing and alerting listeners in a clear, non-alarmist way.

For more details and the complete data, visit CNBC.com’s report on the New York Fed’s first quarter data.

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Transcript8 lines

[00:00]
A
With a CNBC you Money Minute. I'm Jessica Ettinger. How are you doing with any payments on loans you might have? A lot of Americans are falling behind the most in almost a decade.
[00:13]
B
Look at the 90 plus day delinquencies overall a nine year high.
[00:17]
A
That's CNBC senior economics reporter Steve Liesman. He has some alarming new data out on how Americans are doing with their debt from the New York Fed.
[00:26]
B
Credit cards at a 15 year high above 13% and not been there since the wake of the great financial CRIS crisis. Mortgages eight year high, student loans a seven year high
[00:36]
A
and look at car loans in the U.S. here's CNBC fast money trader Guy Adami.
[00:41]
C
Auto loan delinquency rates now are at a 32 year high.
[00:45]
A
A lot of people just aren't making or can't make all types of loan payments. See the full CNBC report on the New York Fed first quarter data@cnbc.com I'm Jessica Edinger, CNBC
[00:59]
D
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