Investment Business Daily’s check on credit delinquencies reported that credit card delinquencies fell in Q2. It seems people are working and able to pay their bills, notwithstanding the naysayers.

Delinquencies fell from 4.1% to 4.39% as decent wage and job growth prevailed. Overall delinquency rate check up which includes auto and home equity loans fell to 2.27% for the 6-year high in Q1 of 2.42%