I recently did a shortcast on what inflation means. You can subscribe to my podcast on any of these sites below. Survey Results Show People Feel Expenses Are Coming Down From the recent survey results, people are feeling more hopeful about future finances. Median expected monthly overall spending growth over the next twelve months …
The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the August 2022 Survey of Consumer Expectations, which shows that inflation expectations continued to decline across all horizons. Expectations about year-ahead price increases for gas also continued to decline, with households now expecting gas prices to be roughly unchanged a year from now. …
By Andrew Haughwout, Donghoon Lee, Daniel Mangrum, Joelle Scally, and Wilbert van der Klaauw Total household debt increased by $312 billion during the second quarter of 2022, and balances are now more than $2 trillion higher than they were in the fourth quarter of 2019, just before the COVID-19 pandemic recession, according to the Quarterly Report …
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 an increase in total household debt in the second quarter of 2022, increasing by $312 billion (2%) to $16.15 trillion. Balances now stand $2 trillion higher than at the end of 2019, before the …
Debt relief companies like debt settlement and credit counselors are always on the hunt for consumers with credit card debt. They make debt relief companies the most money from selling services to people with unsecured debt. The Federal Reserve Bank of New York just released data showing that while total household debt increased in the …
I really try to be a facts guy. Making decisions based on data is better than just emotion. And while consumer confidence is up and things feel like the Trump agenda is keeping unemployment low and the future rosy, experts are issuing warnings. The experts could be completely wrong but unless someone has a guaranteed …
The latest data is out from the Federal Reserve Bank of New York on household debt. They observed that overall household debt has substantially increased and is nearing the pre-crash peak of 2008. Consumer debt issues go in cycles. We have a crash, followed by a tightening, then slow relaxation of credit and a build …
For years now I’ve been writing about debt relief forecasts and trends pointing at a decline in the need for debt relief services. Those predictions all came true. But for the first time I’m seeing signs that there is a good chance of increasing demand for debt relief services such as credit counseling, debt settlement, …
Recent data out in the Federal Reserve Bank of New York report, Quarterly Report on Household Debt and Credit, contains a stark graph that shows why the demand for traditional debt relief service niches has not been accelerating. Traditional debt relief solutions, like credit counseling and debt settlement, have focused on the management and intervention …
The Federal Reserve Bank of New York today released results from its October 2016 Survey of Consumer Expectations (SCE) Credit Access Survey, which provides information on consumers’ experiences and expectations regarding credit demand and credit access. The SCE Credit Access Survey results are released every four months. The release shows a deterioration in consumers’ experiences …