SCE Household Spending Survey
April Survey: The median expected year-ahead growth in household everyday essential spending increased to 7.5 percent in April, its highest reading since the beginning of the series in August 2015. Median monthly household spending growth increased to 7.8 percent year over year in April, up from 5.1 percent in December.
(posted May 16)
Quarterly Report on Household Debt and Credit
Total household debt increased by $266 billion to reach $15.84 trillion in the first quarter of 2022. Balances now stand $1.7 trillion higher than at the end of 2019, before the COVID-19 pandemic. Mortgage and auto loan balances rose in the quarter, although originations for both subsided after historically high volumes in 2021.
(posted May 10)
SURVEY OF CONSUMER EXPECTATIONS
April Survey: Inflation expectations fell at the one-year horizon to 6.3 percent and rose at the three-year horizon to 3.9 percent. Perceptions of credit access relative to a year ago fell for the fourth consecutive month, and expectations of credit access one year from now declined to a series low.
(posted May 9)
SCE LABOR MARKET SURVEY
March Survey: The average reservation wage, which is the lowest wage respondents would be willing to accept for a new job, increased to $73,283 in March from $70,339 in November. The increase was most pronounced for women, respondents with a college degree, and those with an annual household income of less than $60,000.
(posted April 25)
SCE HOUSING SURVEY
Annual Survey: Households expect home prices to rise 7.0 percent on average over the next year in their zip code, compared with 5.7 percent one year ago. The corresponding five-year outlook remains unchanged, at 2.2 percent (annualized). Respondents also anticipate a sharp rise in rents on average over the next twelve months.
(posted April 18)