Center for Microeconomic Data

Income Growth Expectations
Quarterly Report on Household Debt and Credit
Q2 Report: Total household debt rose to $13.29 trillion in the second quarter of 2018, a level that is $618 billion higher than the previous peak of $12.68 trillion in the third quarter of 2008. The increase of $82 billion, or 0.6 percent, marked the sixteenth consecutive quarterly increase. Mortgage balances, the largest component of household debt, rose by $60 billion to reach a total of $9.0 trillion.
Survey of Consumer Expectations
July Survey: The mean perceived probability that U.S. stock prices will be higher twelve months from now decreased to 40.3 percent, its lowest level since October 2016. The median expectation regarding year-ahead change in taxes (at current income level) rose to 2.2 percent, a fifth consecutive increase.
Credit Access
June Survey: The credit application rate among consumers continued to decline since reaching a series peak in June 2017. Still, survey respondents say they are more likely to apply for credit over the next year and expressed increased optimism about the chances of their applications being accepted.