SURVEY OF CONSUMER EXPECTATIONS
September Survey: Consumers’ inflation expectations at the one-year and three-year horizons continued to increase, reaching 5.3 percent and 4.2 percent, respectively. In contrast, year-ahead home price and commodity price expectations subsided.
(posted October 12)
SCE PUBLIC POLICY SURVEY
August Survey: Among the findings in the latest reading of consumers’ public policy outlook—the expected likelihood of an increase in the average income tax rate over the next year increased to 53 percent, from 50 percent in April, its highest level since the start of the series in 2015.
(posted September 27)
Quarterly Report on Household Debt and Credit
Total household debt increased by $313 billion (2.1 percent) to reach $14.96 trillion in the second quarter of 2021. The percentage increase was the largest recorded since the fourth quarter of 2013. New extensions of installment credit hit record levels for both mortgages and auto loans.
(posted August 3)
SCE Household Spending Survey
August Survey: Median expected overall spending growth over the year ahead rose to a series high of 4.2 percent in August, up from 3.6 percent in April. The median expected spending growth on clothing jumped to 3.4 percent in August from 2.6 percent in April, also marking a series high.
(posted September 20)
SCE LABOR MARKET SURVEY
The July survey records a drop in transitions into unemployment and an increase in employer-to-employer transitions. The average expected likelihood of receiving a job offer in the next four months rose, as did the average expected wage offer and the average reservation wage.
(posted September 7)