A home may be the biggest purchase most people make in their lives, but households' home equity is actually comparable to households' direct stock ownership.... Read More
Personal consumption continues to make up a larger portion of U.S. GDP as time progresses.... Read More
Over 44% of FDIC deposits in the U.S. are uninsured.... Read More
The government's cost of servicing its debt is projected to hit the lowest level since at least 1970 as interest rates hover around zero.... Read More
Churn in the labor market remains elevated.... Read More
Bloomberg's Daily Activity Indicators show the global recovery stalled in mid-June.... Read More
Real GDP fell by 12.11% in G7 countries in the second quarter as quarantines took hold.... Read More
The University of Oxford has created a series of indices to help measure countries' responses to the pandemic.... Read More
Household debt in the U.S. fell slightly to $14.27 trillion in the second quarter.... Read More
Consumers are being cautious with their lines of credit, using just 21.1% of their credit limit. This marks the lowest utilization rate since at least 1998.... Read More
People under 30 hold a relatively small amount of debt compared to other age groups. Student loans make up the largest portion of their debt.... 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 over the same period.... Read More
Household debt broken down by delinquency status... Read More
Credit card debt declined for the second straight quarter as the pandemic took hold.... Read More
The second quarter saw $846 billion in mortgage origination, the highest level since 2003.... Read More
Consumer spending has stalled since mid-June.... Read More
A new Census Bureau survey offers an interesting window into the employment situation of U.S. households during the pandemic.... Read More
Despite concerns that the stimulus checks would be used in unintended ways, the majority of households spent the money on essentials.... Read More
Jobs have steadily increased for college grads since 2007, but the same cannot be said for those less educated.... Read More
Personal consumption posted its worst quarter since at least 1947 as quarantines put a halt to spending.... Read More