EconPapers    
Economics at your fingertips  
 

Household Borrowing in Historical Perspective

Andrew Haughwout, Donghoon Lee (), Joelle Scally and Wilbert van der Klaauw ()

No 20170517, Liberty Street Economics from Federal Reserve Bank of New York

Abstract: Today, the New York Fed?s Center for Microeconomic Data released its Quarterly Report on Household Debt and Credit for the first quarter of 2017. The report shows a rise in household debt balances in the quarter of $149 billion, the eleventh consecutive quarterly increase since the long period of deleveraging following the Great Recession. As of March 31, 2017, household debt balances stood at $12.73 trillion, surpassing the previous 2008 peak and hitting a level 14 percent above the trough seen in the second quarter of 2013. With this report?s release, we?re adding two new charts which show both early and severe delinquency trends by loan product type. The report and the analyses presented here are based on the New York Fed?s Consumer Credit Panel (CCP), which is sourced from Equifax credit report data.

Keywords: consumer credit panel; household finance (search for similar items in EconPapers)
JEL-codes: D1 (search for similar items in EconPapers)
Date: 2017-05-17
New Economics Papers: this item is included in nep-ure
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://libertystreeteconomics.newyorkfed.org/2017 ... cal-perspective.html (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fednls:87194

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Liberty Street Economics from Federal Reserve Bank of New York Contact information at EDIRC.
Bibliographic data for series maintained by ().

 
Page updated 2020-07-06
Handle: RePEc:fip:fednls:87194