Late Payments on Consumer Loans Harken Back to 1992

Late payments on consumer loans are the highest since 1992, according to the ABA. If you look back to 1992, there wasn't alot of good news to be found. War broke out in Yugoslavia. Riots were plaguing LA. The US economy was in a recession. Kurt Cobain and Courtney Love were married. Worst of all, "All 4 Love" by Color Me Badd was the number one song. There isn't much of 1992 that we'd want to revisit, least of all, the economic conditions. I, for one, would still rather bust out the Color Me Bad and reminisce about the music...