U.S. consumers with the highest credit scores are increasingly falling behind on debt repayments, according to a report by credit scoring company VantageScore. This trend indicates a broader deterioration in Americans' financial health. Serious delinquencies on credit card debt reached 12.3% in the second quarter of 2025, the highest level in 14 years. Student and auto loan delinquencies also hit multi-year highs, at 10.2% and 5.0% respectively. Notably, delinquencies among high-income borrowers earning $150,000 or more annually have surged nearly 20% over the past two years, outpacing increases among middle- and lower-income groups. The financial strain is reflected in declining consumer spending, which has fallen by an annualized rate of 0.15% over the last six months—the weakest inflation-adjusted reading in 15 years excluding the 2020 crisis. This pullback in spending is contributing to a slowdown in the economy, as evidenced by a sharp decline in U.S. freight shipments. The Cass Freight Index, a key measure of freight volumes, dropped to its lowest level since the financial crisis of 2008 (excluding 2020). Global container freight rates have also declined significantly, with the Drewry Composite Index falling 5.8% in one week to $2,119 per 40-foot container, marking a 44% year-to-date decrease. This drop in freight rates is driven by weak demand, excess shipping capacity, and economic slowdowns in Europe and the U.S., signaling challenges for global trade.