Today, the New York Fed’s Center for Microeconomic Data released its Quarterly Report on Household Debt and Credit for the third quarter of 2021. Overall debt balances increased, bolstered primarily by a sizeable increase in mortgage balances, and for the second consecutive quarter, an increase in credit card balances. The changes in credit card balances in the second and third quarters of 2021 are remarkable since they appear to be a return to the normal seasonal patterns in balances. In ...| Liberty Street Economics
Consumer debt is any financial obligation that a person incurs when they borrow money to purchase goods and services for personal use.| Consumer Credit
Are you ready for debt free living? Use these debt free habits to start your jounrey in paying off debt. Read to learn if it is good to be debt free.| Money Bliss
Rather than responsibly consider debt before it is issued, both political parties wish to eliminate the need to ever think about our nation’s debt again.| www.civitasinstitute.org
A look at the Quarterly Report on Household Debt and Credit for 2025:Q2 from the New York Fed, focusing on the landscape of the current mortgage market.| Liberty Street Economics
Before federal student loan repayment paused in spring 2020, nearly 20 percent of borrowers—8 million Americans—were in default due to failure to make| The Century Foundation
A new analysis finds that credit card interest rates continue to rise even though risks to the industry continue to drop and profitability increases.| Consumer Financial Protection Bureau
Catch up with Kartik Athreya as he answers questions about his experiences in his first year as director of research at the New York Fed. Kartik discusses some of the unique aspects of being a New York Fed economist, the importance of research, and the topics that have most resonated with him over the past year.| Liberty Street Economics
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Americans are racking up credit card debt as they struggle to keep up with the cost of living, and experts say those who earn the least are the hardest hit. Total credit card balances rose 5.8% from a year ago, to $1.14 trillion, according to a recent New York Fed report. Equifax credit files through […]| New Hampshire Bulletin
Making a budget is an important first step in reaching your financial goals. One of the biggest challenges is deciding which budget categories to include. A budgeting category simply means how you identify and group| Boss Single Mama
This morning, the New York Fed’s Center for Microeconomic Data released the 2023:Q3 Quarterly Report on Household Debt and Credit. After only moderate growth in the second quarter, total household debt balances grew $228 billion in the third quarter across all types, especially credit cards and student loans. Credit card balances grew $48 billion this quarter and marked the eighth quarter of consecutive year-over year increases. The $154 billion nominal year-over-year increase in credit car...| Liberty Street Economics
Total household debt balances increased by $16 billion in the second quarter of 2023, according to the latest Quarterly Report on Household Debt and Credit from the New York Fed’s Center for Microeconomic Data. This reflects a modest rise from the first quarter. Credit card balances saw the largest increase of all debt types—$45 billion—and now stand at $1.03 trillion, surpassing $1 trillion in nominal terms for the first time in the series history. After a sharp contraction in the fir...| Liberty Street Economics
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Americans are racking up credit card debt as they struggle to keep up with costs, and experts say those who earn the least are hardest hit.| Washington State Standard
Mortgage balances, the largest component of U.S. household debt, grew by only $77 billion (0.6 percent) in the second quarter of 2024, according to the latest Quarterly Report on Household Debt and Credit from the New York Fed’s Center for Microeconomic Data. This modest increase reflects a substantial slowdown in mortgage origination; only $374 billion was originated during the second quarter, compared to an average of about $1 trillion per quarter between 2021 and 2022. Meanwhile, after n...| Liberty Street Economics
Debt feels like drowning in quick sand. Are you ready to learn how to get out of debt? And then, live debt free! If so, let's go with these 5 easy steps!| Money Bliss
There were 37% more bankruptcy filings in the U.S. Bankruptcy Court for the Central District of California this January than…| Los Angeles Bankruptcy Attorney - Southern California Bankruptcy Attorney | B...
By Corey Lynn and The Sharp Edge The question isn’t whether Visa and Mastercard are at the forefront of the Digital ID control system, the question is whether Visa, Mastercard and central banks will be able to pull it off without the implementation of central bank digital currencies (CBDCs). A...| coreysdigs.com
NEW YORK—The Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit. The report shows total household debt increased by $212 billion (1.2%) in the fourth quarter of 2023, to $17.50 trillion. The report is based on data from the New York Fed’s nationally representative Consumer Credit Panel. | www.newyorkfed.org
In this post, the authors revisit their analysis on credit cards and examine which borrowers are struggling with their auto loan payments.| Liberty Street Economics
