Household Debt Stands at $17.06 Trillion
Household debt in the U.S. stood at $17.06 trillion in the second quarter.... Read More
Household debt in the U.S. stood at $17.06 trillion in the second quarter.... Read More
Credit utilization remains historically low, but is on the rise.... Read More
People under 30 and over 70 hold a relatively small amount of debt compared to other age groups.... Read More
The average third party collection jumped to $1555 in the second quarter.... Read More
Household debt broken down by delinquency status... Read More
Credit card debt is now 11% higher than it was pre-pandemic.... Read More
Mortgage originations increased slightly in the second quarter, but remain well off the peak set in 2021.... Read More
The pandemic started the end of cheap labor, goods, and energy. Technological advances and globalization have driven these three macroeconomic factors. With peak globalization behind us and changing attitudes of workers, technological advances will unlikely offset rising costs. ... Read More
The banking crisis in March 2023 created a unique scenario where the Fed was both tightening and loosening policy at the same time by raising rates and injecting liquidity. Since then, easing financial conditions have promoted a strong environment for financial assets. ... Read More
As the Federal Reserve hiked 500 basis points in the past 18 months, many expected a tight labor market to begin to slow along with the economy. Using traditional measures, neither of these things are occurring.... Read More
Public transportation usage closely follows office usage.... Read More
In 1974, there was only $400 billion set aside in dedicated retirement vehicles. In the first quarter of 2023, that number had ballooned to $35 trillion. This is double the $17.8 trillion in 2007. ... Read More
For years, the fear of overpopulation was labeled a global threat. The actual problem seems to be underpopulation. ... Read More
Supply chains faced long wait times and extreme cost of goods during the COVDI-19 pandemic. As of July 2023, supply chains are showing their least stress of this century. ... Read More
Personal consumption continues to make up a larger portion of U.S. GDP as time progresses.... Read More
Household debt in the U.S. rose to $17.05 trillion in the first quarter.... Read More
Credit utilization remains historically low, but is on the rise.... Read More
People under 30 and over 70 hold a relatively small amount of debt compared to other age groups.... Read More
The average third party collection totaled $1316 in the first quarter.... Read More
Household debt broken down by delinquency status... Read More