NEW YORK—On October 24, the Federal Reserve Bank of New York will release a report and online tool that examine the financial well-being of U.S. communities through their credit behavior. Community Credit: A New Perspective on America's Communities captures important aspects of financial inclusion, stress and resiliency across America over the past decade.
The profiles examine key measures of credit—including access to credit from traditional financial lenders, credit utilization, repayment histories and debt stress—to understand community needs and evaluate progress.
This dataset is unique in presenting county- and state- level snapshots and time trends going back to 2006. In this way, it documents how credit opportunities and financial stress vary by region, and how these trends have evolved over time.
This analysis is based on data from the New York Fed’s Consumer Credit Panel / Equifax, a nationally representative sample drawn from anonymized Equifax credit data.
For more information, please contact Betsy Bourassa at Betsy.Bourassa@ny.frb.org.