The Federal Reserve Bank of New York released its quarterly report on
household debt and credit which showed growing stress in oil producing
regions. The long duration of the oil price collapse has hurt households
with the highest levels of employment in the oil-and-gas industry.
Notably auto loans more than 90 days delinquent have spiked
significantly to levels seen just after the financial crisis. Mortgage
delinquencies have managed to remain flat however the national average
has continued to decline, see charts below.
The report only focused on counties whose employment comprised at
least 6% jobs in oil and gas employment as of the end of 2014. This
amounted to only 1.7% of total US population however the analysis does
show the real hardship in these counties.