Survey of Consumer Expectations

SCE Credit Access — June 2016 July 15, 2016

The June 2016 SCE Credit Access Survey shows an improvement in consumers’ experiences in the credit market compared to the February release, with a decline in the proportion of “discouraged” and “rejected” consumers. Rejection rates declined, reaching the series’ low. The drop in rejection rates was observed for all credit types except housing-related debt applications. The expectations component of the survey was somewhat more subdued, relative to our February reading. The proportion of respondents likely to apply for at least one type of credit over the next 12 months decreased slightly. Moreover, consumers are somewhat more pessimistic of future approval rates. The perceived likelihood of credit applications being rejected rose for nearly all credit types, with the most notable increase for mortgage applications.

Consumers' Credit Market Experiences Improve; Expectations for Future Credit Approval Dip
July 15, 2016

Survey of Consumer Expectations

Survey of Consumer Expectations — June 2016 July 11, 2016

The June 2016 Survey of Consumer Expectations results show a rebound in earnings and income growth expectations. At the same time, labor market expectations were mixed, with both the mean perceived probability of losing the current job and that of finding a job declining. Inflation expectations fell slightly at the one-year horizon but increased at the three-year horizon.

Consumers’ Earnings and Income Growth Expectations Rebound while Medium-Term Inflation Expectations Rise
July 11, 2016

Survey of Consumer Expectations

Housing Survey — 2016 June 2, 2016

The Federal Reserve Bank of New York today released findings from the 2016 SCE Housing Survey. The release indicates that home price growth expectations have declined somewhat relative to last year, but the majority of households still view housing as a good financial investment. Mortgage rate expectations have also declined since last year’s survey, and renters now perceive that it has become somewhat less difficult to get a mortgage if they wanted to buy a home. This latest survey marks the third installment of the Survey of Consumer Expectations Housing Survey, which has been fielded annually every February since 2014. With this release the New York Fed is also unveiling a new SCE Housing Survey interactive web feature.

Home Price Growth Expectations Decline, but Consumers’ Outlook on Housing Remains Positive
June 2, 2016

Household Debt and Credit

Household Debt Steps Up, Delinquencies Drop
May 24, 2016

Research Event

Workshop on Subjective Expectations May 12-13, 2016

A conference sponsored jointly by the New York Fed and the ESRC Research Centre on Micro-Social Change puts the focus on research analyzing subjective expectations. The papers presented will cover issues related to measurement, expectation formation, learning, use of expectations in structural models, belief biases, and the relationship between expectations and behavior. Northwestern’s Charles Manski and Harvard’s Matthew Rabin will lead plenary sessions. Link to the agenda for more information and many of the papers.

The Center for
Microeconomic Data

The Center for Microeconomic Data serves to centralize the collection, acquisition, and analysis of microeconomic data at the New York Fed and act as a catalyst for microeconomic research by promoting engagement with the wide academic community. The wide-ranging data, research, and analysis produced in the Center provide insight into individual-level financial and nonfinancial economic conditions, expectations, and behavior in the U.S.
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