Center for Microeconomic Data

 
SCE CREDIT ACCESS SURVEY
Credit Application Rate Falls to Lowest Level since October 2020
February Survey: The credit application rate over the past twelve months declined from 44.6 percent in Oct. 2022 to 40.9 percent—its lowest reading since Oct. 2020. The decrease was broad-based across loan types, except for credit card limit increase requests, which increased slightly.
March 20, 2023
SURVEY OF CONSUMER EXPECTATIONS
One-Year-Ahead Inflation Expectations Decline Sharply
February Survey: Median one-year-ahead inflation expectations declined sharply to 4.2 percent, remained at 2.7 percent at the three-year-ahead horizon, and increased slightly to 2.6 percent at the five-year-ahead horizon.
March 13, 2023
Quarterly Report on Household Debt and Credit
Household Debt Climbs to $16.90 Trillion in Fourth Quarter of 2022
Total household debt increased by 2.4 percent to reach $16.90 trillion at the end of 2022. Balances now stand $2.75 trillion higher than before the pandemic recession. Credit card and mortgage balances rose to $986 billion and $11.92 trillion, respectively.
February 16, 2023
SCE PUBLIC POLICY SURVEY
Outlook for Higher
Social Security Benefits
Increases
December Survey: Our latest survey on the consumer outlook for public policy shows that year-ahead expectations for increases in mandatory paid parental leave, Social Security benefits, and income tax rates rose.
January 23, 2023

SCE Household Spending Survey
Households Report Modest Decline in Spending Growth
December Survey: The median reported year-over-year increase in monthly household spending declined to 7.7 percent in December, while the median year-ahead expected growth in monthly spending fell to 4.0 percent, its lowest reading since April 2021.
January 17, 2023

CREDIT CARDS
Credit card availability and use—including originations, extensions, balances, and delinquencies
VIEW
Report: Quarterly Report on Household Debt and Credit
Interactive: Household Debt and Credit
Interactive: SCE Credit Access Survey

HOUSING MARKET
Consumer experiences, behaviors, and expectations in the housing market—including mortgage financing
VIEW
Report: The Evolution and Future of Homeownership
Interactive: SCE Housing Survey
Blog: New SCE Charts Include a Measure of Longer-Term Inflation Expectations

INFLATION EXPECTATIONS
Consumers’ expectations and forecast uncertainty for overall inflation and home price growth, and expected price changes for key commodities
VIEW
Blog: New SCE Charts Include a Measure of Longer-Term Inflation Expectations
Press Release: Short-Term Inflation Expectations Decline Sharply; Labor Market Expectations Improve

STUDENT DEBT
Borrowing and repayment trends in the student loan market
VIEW
Blog: Revisiting Federal Student Loan Forgiveness: An Update Based on the White House Plan
Blog: Three Key Facts from the Center for Microeconomic Data’s 2022 Student Loan Update
Report: 2022 Student Loan Update

SAVING AND SPENDING
Data and analysis focused on consumers’ overall financial health, including their ability to save, spend, and borrow
VIEW
Blog: Who Received Forbearance Relief?
Blog: An Update on How Households Are Using Stimulus Checks
Interactive: SCE Household Spending Survey

LABOR MARKET
Perceptions of labor market conditions, including the outlook for earnings growth and employment
VIEW
Blog: The Disproportionate Effects of COVID-19 on Households with Children
Blog: SCE Labor Market Survey Shows Average Reservation Wage Continues Upward Trend
Interactive: SCE Labor Market Survey

AUTO LOANS
Expectations and experiences with auto loans—including applications and rejections, balances, and delinquencies
VIEW
Blog: Car Prices Drive Up Borrowing
Interactive: SCE Credit Access Survey

PUBLIC POLICY
Consumers’ outlook on public policy—likelihood of changes, impact of shifts
VIEW
Blog: Consumers Expect Modest Increase in Spending Growth and Continued Government Support
Interactive: SCE Public Policy Survey
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