SCE Household Spending Survey
The first data released from the SCE Household Spending Survey show a pickup in median year-ahead growth expectations for household spending, rising to 2.8 percent in December from 2.3 percent a year prior. Spending growth expectations increased with respect to clothing, education, food, housing, and transportation and decreased for medical care.
Quarterly Report on Household Debt and Credit
Q4 Report: Total household debt increased by $32 billion, or 0.2 percent, to reach $13.54 trillion in the fourth quarter of 2018. Newly originated auto loans totaled $144 billion, continuing a nine-year growth trend. In fact, auto loan originations totaled $584 billion in 2018, the highest level in the nineteen-year history of the data (in nominal terms).
SURVEY OF CONSUMER EXPECTATIONS
January Survey: Inflation expectations remained steady at 3.0 percent at the one-year and three-year horizons. Households were generally less optimistic about the economy and future changes in their financial situation. For example, expectations that the unemployment rate will be higher a year from now increased for the fourth consecutive month.