SCE PUBLIC POLICY SURVEY
August Survey: The average likelihood of an expansion in mandatory paid parental leave decreased to 20.3 percent in August, the lowest level of the series since August 2020. The decline was led by respondents with an annual household income below $60,000.
September 25, 2023
SCE Household Spending Survey
August survey: The median reported year-over-year increase in monthly nominal household spending rose to 5.5 percent, while the median year-ahead expected growth in monthly spending remained unchanged at 3.4 percent—the lowest reading of the series since December 2020.
September 18, 2023
Quarterly Report on Household Debt and Credit
Total household debt rose to $17.06 trillion in the second quarter, led by credit card balances, which increased to a series high of $1.03 trillion. Other balances, which include retail credit cards and other consumer loans, and auto loans increased to $0.53 trillion and $1.58 trillion, respectively.
August 8, 2023
SURVEY OF CONSUMER EXPECTATIONS
August Survey: Median inflation expectations rose slightly to 3.6 percent and 3.0 percent at the one- and five-year-ahead horizons, respectively, and declined marginally to 2.8 percent at the three-year-ahead horizon. Households’ income growth perceptions declined to 2.9 percent.
September 11, 2023
SCE LABOR MARKET SURVEY
July Survey: The average full-time offer wage received in the past four months increased sharply to $69,475. The expected likelihood of moving to a new employer declined to 10.6 percent, while that of becoming unemployed increased to 3.9 percent, the highest reading since March 2020.
August 21, 2023