Hey, I’m not all doom and gloom. This is good news:

Late payments on credit cards have dropped to rates seen before the Great Recession, and defaults are also heading close to normal levels, reports from the nation’s top six issuers show.

More, though this isn’t as good as the headline sounds, Lenders repossessed fewer homes in May:

The number of U.S. homeowners who were put on notice for being behind on their mortgage payments fell in May to the lowest level since 2006, the result of a slowing housing market and lingering delays in banks’ foreclosure process.

Mortgage lenders, many of which are still working through foreclosure documentation problems that surfaced last fall, also took back fewer properties in May, the second monthly decline in a row, foreclosure listing firm RealtyTrac Inc. said Thursday.

Another not-quite-as-good-as-the-headline bit in Inflation slows in May as gas prices fall (emphasis mine):

Falling energy prices cooled overall inflation in May, offering some relief to consumers who have been coping for months with high gas prices.

Consumer prices rose 0.2 percent, the smallest increase in six months, the Labor Department said. It was the first drop in energy costs in nearly a year.

Still, Americans paid more for cars, clothing and hotel rooms in May. That drove so-called “core” consumer prices, which exclude volatile food and energy, up by the most in nearly three years.