The United States is experiencing a marked increase in serious delinquencies across multiple consumer debt categories in the second quarter of 2025. Student loan delinquencies have reached a record high, with 13% of student loans transitioning into serious delinquency (90+ days past due), the highest rate since data tracking began in 2003. This surge is particularly pronounced among borrowers aged 50 and older, where serious delinquency rates have spiked to 18%. Credit card debt delinquency rates also climbed to 12.3%, the highest level since 2011, while auto loan serious delinquencies rose to 5.0%, the highest in five years. Early-stage auto loan delinquencies (30+ days past due) increased to 2.13% in June 2025, signaling potential further risks. These trends follow the end of a moratorium on student loan repayments and the resumption of delinquency reporting to credit agencies. Concurrently, bankruptcy filings have surged, with 446 large bankruptcies recorded year-to-date, the most since 2010, including 71 filings in July alone, the highest monthly total since 2020. The rise in delinquencies and bankruptcies suggests growing financial stress among U.S. consumers, reminiscent of patterns seen during the Financial Crisis. The increase in delinquency rates among older student loan borrowers has been linked to intensified collection efforts under the Trump administration.