Household Debt and Credit

Auto Loans Race Ahead, Foreclosures Plunge, and Overall Household Debt Remains Flat
August 13, 2015

Survey of Consumer Expectations

Survey of Consumer Expectations — July 2015 August 10, 2015

The Federal Reserve Bank of New York today released results from its July 2015 Survey of Consumer Expectations (SCE) results suggest relatively stable expectations about the economy. The median one-year and three-year ahead expected rates of inflation remained unchanged at 3.0%. While earnings and household income growth expectations were largely unchanged, median household spending growth expectations retreated substantially to their lowest level since the inception of the survey in 2013. Relative to the prior month, year-ahead credit availability expectations became slightly more pessimistic.

Consumers Expect Slower Growth in Spending
August 10, 2015

Survey of Consumer Expectations

Housing Survey — 2015 May 28, 2015

The 2015 SCE Housing Survey indicates that attitudes toward housing as a financial investment remain decidedly positive. U.S. households on average expect home price growth to continue at a 4.4 percent pace over the next year, comparable to the average year-ahead expectation reported in last year’s survey. Survey respondents expect mortgage rates to increase in coming years, but at a moderate pace. Among homeowners, the expressed likelihood of investing in improvements to the home has declined somewhat relative to last year. Most renters report that they would rather own than rent if they had the necessary financial resources; as in last year’s survey, a majority of them believe that it would be difficult to obtain a mortgage, although responses suggest a slight easing in perceived credit access. (This report is in pdf format.)

SCE Housing Survey 2015 PDF | Chart Packet PDF

Household Debt and Credit

Debt Balances Flat as Delinquencies Improve
May 12, 2015

Total Debt Balance

Delinquencies, Foreclosures and Bankruptcies Improve as Household Debt Stays Flat
May 12, 2015

Survey of Consumer Expectations

SCE Credit Access — February 2015 March 27, 2015

The February 2015 SCE Credit Access Survey shows little change in application rates for credit over the last twelve months, but a decline in rejection rates, particularly for credit card limit increases.

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Microeconomic Data

The Center for Microeconomic Data serves to centralize the collection, acquisition, and analysis of microeconomic data at the New York Fed and act as a catalyst for microeconomic research by promoting engagement with the wide academic community. The wide-ranging data, research, and analysis produced in the Center provide insight into individual-level financial and nonfinancial economic conditions, expectations, and behavior in the U.S.
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