SCE PUBLIC POLICY SURVEY
December Survey: New data are available from a triannual survey capturing consumers’ outlook for change in a range of public policies. Among the findings: the average percent chance of a reduction in unemployment benefits fell in December from the prior survey period, extending a downward trend that began in April 2017. The expectation for a decline in Medicare benefits followed a similar pattern. Link through to data charted for twenty series.
SURVEY OF CONSUMER EXPECTATIONS
December Survey: Median inflation expectations increased by 0.1 percentage point at the one-year horizon to 2.5 percent and remained at 2.5 percent at the three-year horizon. Expectations for home price changes, earnings growth, unemployment, and income growth were also unchanged. Consumers were slightly more pessimistic about other labor market outcomes, such as the perceived probability of losing one’s job.
Quarterly Report on Household Debt and Credit
Q3 Report: Total household debt rose by $92 billion, or 0.7 percent, in the third quarter of 2019 to reach $13.95 trillion—a level that is $1.3 trillion higher, in nominal terms, than the previous peak reached in the third quarter of 2008. Mortgage balances, the largest component of household debt, rose by $31 billion.