Center for Microeconomic Data

April Survey: New data capture consumers’ outlook for a range of assistance and social insurance programs, as well as taxes and fees. The survey also asks consumers about the potential household impact of changes in these policy areas. Among the findings: the average percent chance of an expansion in unemployment benefits increased sharply to 53.4 percent in April 2020 from 15.3 percent in December 2019.
(posted May 26)
April 2020 Survey: Respondents’ expectations about most economic outcomes showed considerable deterioration. The perceived probability of losing one’s job set a series high for the second consecutive month, reaching 20.9 percent. Expectations for earnings, income, and spending growth each reached series lows. The perceived and expected availability of credit worsened.
(posted May 11)
Quarterly Report on Household Debt and Credit
Total household debt climbed by 1.1 percent to $14.3 trillion in the first quarter of 2020, largely driven by a rise in mortgage balances. Increases in student and auto loans were nearly offset by decreases in credit card balances and other forms of debt. The drop in credit card balances was greater than the usual seasonal decline but it is too soon to confidently assess any connection between this and the coronavirus outbreak.
(posted May 5)