SURVEY OF CONSUMER EXPECTATIONS
November Survey: The median one-year-ahead household spending growth expectation fell to 2.8 percent from 3.3 percent in October, marking the lowest reading for the series since September 2017. The decline was broad-based across age, income, and education groups. Expectations for three-year-ahead inflation ticked up to 2.5 percent, rebounding from a series low of 2.4 percent in October.
SCE PUBLIC POLICY SURVEY
Survey Debut: New data are available on individuals’ expectations for future changes in a range of public policies, including those shaping tax rates and entitlement programs. The information tracks respondents’ subjective beliefs about the likelihood and impact of policy changes—measures that will help shed light on spending, work, and savings decisions. Link through to summary findings and data charted from November 2015 through the present.
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.