20 posts on "Center for Microeconomic Data"
July 7, 2020
Introduction to Heterogeneity Series III: Credit Market Outcomes
Following up series on heterogeneity and inequality broadly and in labor market outcomes specifically, we turn our focus to further documenting heterogeneity in credit market outcomes, looking at disparities in home ownership rates, varying exposure to evictions, differing gains from tuition support and Medicare programs, and more.
April 16, 2020
How Widespread Is the Impact of the COVID‑19 Outbreak on Consumer Expectations?
In a recent blog post, we showed that consumer expectations worsened sharply through March, as the COVID-19 epidemic spread and affected a growing part of the U.S. population. In this post, we document how much of this deterioration can be directly attributed to the coronavirus outbreak. We then explore how the effect of the outbreak has varied over time and across demographic groups.
April 6, 2020
Coronavirus Outbreak Sends Consumer Expectations Plummeting
The March Survey of Consumer Expectations, which was fielded between March 2 and 31, records a substantial deterioration in financial and economic expectations, including sharp declines in household income and spending growth expectations.
March 4, 2020
Searching for Higher Job Satisfaction
Using data from the New York Fed’s Survey of Consumer Expectations, these Liberty Street Economics authors document the heterogeneity in job satisfaction among U.S. workers and in their preferences for various nonwage benefits, and discuss the impact of these preferences on job search behavior.
February 11, 2020
Charging into Adulthood: Credit Cards and Young Consumers
The New York Fed’s Center for Microeconomic Data today released the Quarterly Report on Household Debt and Credit for the fourth quarter of 2019. Total household debt balances grew by $193 billion in the fourth quarter, marking a $601 billion increase in household debt balances in 2019, the largest annual gain since 2007. The main driver was a $433 billion annual upswing in mortgage balances, also the largest since 2007.
October 17, 2019
Just Released: Introducing the SCE Public Policy Survey
Kosar, Smith, and van der Klaauw introduce the SCE Public Policy Survey and highlight some of its features.
Posted at 10:59 am in Expectations | Permalink
August 13, 2019
Just Released: Mind the Gap in Delinquency Rates
Total household debt balances increased by $192 billion in the second quarter of 2019, boosted primarily by a $162 billion gain in mortgage installment balances, according to the latest Quarterly Report on Household Debt and Credit from the New York Fed’s Center for Microeconomic Data (the mortgage installment balances exclude home equity lines of credit, which are reported separately and have been declining in balance for some time). The new mortgage total of $9.4 trillion is slightly higher than the previous high in mortgage balances from the third quarter of 2008 in nominal terms.
May 14, 2019
Just Released: Shifts in Credit Market Participation over Two Decades
Liberty Street Economics authors draw on the New York Fed’s Consumer Credit Panel to explore longer-term trends in credit market participation.
May 15, 2017
Do Credit Markets Watch the Waving Flag of Bankruptcy?
Paul Goldsmith-Pinkham explores how the lifting of bankruptcy flags affects borrowers’ credit scores and credit outcomes.
November 19, 2015
Just Released: New and Improved Charts and Data on Auto Loans
This analysis introduces an improved estimate of auto loan originations, some new charts, and some fresh data on the auto loan market based on New York Fed Consumer Credit Panel data.
Posted at 1:00 pm in Household Finance | Permalink
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