Data from American Express, Synchrony Financial, Ally and Santander show that while debt levels might be at their highest level people so far can handle it and are making payments; Ally CEO Jeffrey Brown explained during the firm’s quarterly earnings call, “Employment conditions remain robust. Wage growth has continued to accelerate in 2019, and the consumer balance sheet remains well positioned.”; late payments for credit cards & auto loans reached seven year highs but it is believed that those levels are getting back to normal and do not represent a troubling trend. Source.