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- US consumers debt isn't as bad as many fear, according to Moody's chief economist.
- Mark Zandi highlighted that borrowing has moderated since the start of the year as inflation cools.
- He added that student loan repayments won't cause delinquency rates on other debts to rise.
US consumer debt fears are overblown as borrowing slows and inflation cools, according to Moody's Analytics' chief economist.
In a post on X, Mark Zandi shared a contrarian view to ongoing chatter about US consumer debt.
Several market experts have rang the alarm on Americans' spending habits, flagging credit card debt at record highs as pandemic savings dwindle in the face of high inflation.