Liberty Street Economics
Blog analysis highlights key facts from the current student loan landscape–growing balances, a dramatic rise in borrowers’ credit scores in the pandemic, and wide differences in balances and delinquency rates across states, with worse outcomes in the South.
(posted Aug 9)
SURVEY OF CONSUMER EXPECTATIONS
July Survey: The median one-year-ahead inflation expectation declined to 6.2 percent from 6.8 percent. The median expected growth in household income increased by 0.2 percentage point to 3.4 percent, a new series high.
(posted Aug 8)
Quarterly Report on Household Debt and Credit
Total household debt increased by $312 billion in the second quarter to reach $16.15 trillion. Balances are now $2 trillion higher than pre-pandemic levels. Mortgage, auto loan, and credit card balances all saw sizable increases, driven in part by rising prices.
(posted Aug 2)
SCE CREDIT ACCESS SURVEY
June Survey: The average probability of applying for a credit card or a credit card limit increase over the next twelve months rose slightly in June, while it declined for auto and home loans and mortgage refinances.
(posted July 18)
SCE PUBLIC POLICY SURVEY
April Survey: U.S. households increasingly expect to see no change in funding for a range of federal assistance and social insurance programs over the next twelve months. This marks a sharp reversal from earlier phases of the pandemic, when respondents generally assigned a higher probability to such spending increases.
(posted May 23)