A look at the delinquency patterns of households with multiple debts and which debts they prioritize repaying.| Liberty Street Economics
High prices and rising debt put pressure on household budgets this year: A look at the New York Fed’s top five Liberty Street Economics blog posts of 2024.| Liberty Street Economics
A granular look at the U.S. debt-to-income ratio over time, broken down by loan type.| Liberty Street Economics
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