Performance Report: Consumer Unsecured, May 2024

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Quick Insights

• Macro: Net worth grew among all households in Q1-2024, led mainly by substantial growth in equity/mutual fund holdings. DFA data suggests home prices fell 5% in the past year, while dv01's analysis (using Zillow HPI) shows a 5% increase.

• Consumer Unsecured: May was a continuation of April’s excellent performance, with all metrics performing better than seasonal trends for the sixth consecutive month. 30+ Impairments rose 2 bps MoM, and are now down 70 bps (nearly 15% on a relative basis) from their year-end 2023 levels.