The percentage of consumers with debt at a collection agency has fallen over the past couple years.... Read More
Household debt broken down by delinquency status... Read More
Outstanding credit card debt has declined from pre-pandemic levels. This was likely due to a lack of spending options during quarantines. More recently, stimulus checks helped consumers pay off debt.... Read More
The second quarter saw a record $1.22 trillion in mortgage origination.... Read More
With the exception of Q3 2020, Q2 GDP growth was higher than any since 2003. Why did it fall short of economists' expectations?... Read More
The NBER recently stated the COVID recession ended in April 2020. How has the expansion since then stacked up to prior expansions?... Read More
Shipping costs from Asia to the rest of the world continue to skyrocket.... Read More
The suspension on the national debt limit is set to expire July 31.... Read More
An update on the world's richest people and the countries and industries in which they have created their wealth... Read More
The expiration of federal unemployment benefits might mean we are a lot closer to settling the 'transitory' debate on inflation. And with this answer, we might get a new trend in interest rates. Our guess has been inflation is more permanent, which will lead to higher yields.... Read More
A home may be the biggest purchase most people make in their lives, but households' home equity is actually surpassed by households' direct stock ownership.... Read More
Personal consumption continues to make up a larger portion of U.S. GDP as time progresses.... Read More
Almost 45% of FDIC deposits in the U.S. are uninsured.... Read More
Household debt in the U.S. rose slightly to $14.64 trillion in the first quarter.... Read More
Consumers are being cautious with their lines of credit, using just 20% of their credit limit.... Read More
People under 30 hold a relatively small amount of debt compared to other age groups.... Read More
The percentage of consumers with debt at a collection agency has fallen over the past couple years, although the average collection amount has risen.... Read More
Household debt broken down by delinquency status... Read More
Outstanding credit card debt has declined from pre-pandemic levels. This was likely due to a lack of spending options during quarantines. More recently, stimulus checks helped consumers pay off debt.... Read More
The first quarter saw $1.14 trillion in mortgage origination, just off the record set in the previous quarter.... Read More