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An Ambiguous Omen, U.S. Household Debt Begins to Rise Again
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Sheila Dewan provides analysis of the figures on household debt for the fourth quarter of 2013 put out by the U.S. Federal Reserve. U.S. households added $241 billion in debt in the 4th quarter 2014, increasing by 2.1%. It shows says Dewan, that American households were beginning to spend on homes and consumer purchases such as autos. Certain groups such as students and young people were restrained in spending by high levels of student debt. Debt increases were $152 billion for new morgages, $18 billion for car loans, and $53 billion for student loans up by 5.3%. Total household debt to income ratio went up to 130% by 2007, and has since declined to above 100% at the end of the 3rd quarter of 2013, going up again in the 4th quarter of 2013. Credit card debt showed only a small increase of 1.6% as households focussed in cutting credit card debt with high interest rates. Increases in credit card debt and in mortgage debt were shown to be for people with very high credit scores of above 720 in the Federal Reserve analysis, a sign of the caution exercized by households and banks following the overleveraging in 2008.
Household debt, income and savings in the U.S.- 2010-2015
02/05/2008
Grouped Articles
Wall Street Journal 02/02/2012
An Ambiguous Omen, U.S. Household Debt Begins to Rise Again
New York Times 02/18/2014
Economy Fitful, Americans Start to Pay as They Go
New York Times 02/05/2008
Deleveraging: It's Not Over Till It's Over
Wall Street Journal 03/11/2009
Wall Street Journal 04/04/2009
How Righteousness Killed the World Economy
New York Times 10/12/2014
The gradual recovery in household spending in 2013-2015 as Americans with high credit scores get mortgages and young people with student loans defer purchases
02/18/2014
The mixed picture in household debt in 2013-2014 as the U.S. economy recovers its footing, but only gradually because of underlying problems in high student debt of over $1 trillion, and slow growth in mortgage loans for new homes following the mortgage crisis, with banks setting high credit scores for home loans.
Grouped Articles
An Ambiguous Omen, U.S. Household Debt Begins to Rise Again
New York Times 02/18/2014
J.P. Morgan Loosens Terms for Jumbo Mortgages
Wall Street Journal 08/05/2015
School-Loan Reckoning: 7 Million Are in Default
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Wall Street Journal 08/29/2015
What Could Raising Taxes on the 1% Do? Surprising Amounts
New York Times 10/16/2015
Consumer Spending in the U.S. in 2010-2013
01/06/2009
Grouped Articles
Wall Street Journal 04/18/2013
BusinessWeek 07/29/2010
Wealth Tide Doesn't Lift All Boats
Wall Street Journal 12/10/2013
Deleveraging: It's Not Over Till It's Over
Wall Street Journal 03/11/2009
How Righteousness Killed the World Economy
New York Times 10/12/2014
An Ambiguous Omen, U.S. Household Debt Begins to Rise Again
New York Times 02/18/2014
Student debt at $1 trillion in 2011 - a macroeconomic factor which determines consumer spending and buying of new homes
03/11/2009
Student debt in 2011 was 5 times the level in 2000. This happens as education and technical skills are increasing in importance in determining wages and benefits, higher education in increasingly becoming unaffordable, and government help is declining because of budget cutbacks. This is affecting the image of the U.S. as a nation of opportunity.
Grouped Articles
High student debt is dragging down the U.S. economy | Wonkblog
Washington Post 04/18/2013
Student Loan Debt Is a Drag on the Economy, Too
New York Times 05/10/2013
U.S. Schools Chief Arne Duncan Labors to Straddle Political Divide
Wall Street Journal 07/22/2013
The Great Stagnation in American Education
New York Times 09/07/2013
College Tuition Increases Slow, but Government Aid Falls
Wall Street Journal 10/23/2013
Upward Mobility Has Not Declined, Study Says
New York Times 01/23/2014
Household debt, spending and the U.S. economy 2010-2015
02/05/2008
Grouped Articles
An Ambiguous Omen, U.S. Household Debt Begins to Rise Again
New York Times 02/18/2014
Economy Fitful, Americans Start to Pay as They Go
New York Times 02/05/2008
Deleveraging: It's Not Over Till It's Over
Wall Street Journal 03/11/2009
'Secular Stagnation' May Be for Real
Wall Street Journal 08/27/2014
How Righteousness Killed the World Economy
New York Times 10/12/2014
Americans’ Debt-Cutting Levels Off
Wall Street Journal 12/12/2014
Credit card debt surges and the effects on U.S. consumer spending, followed by household debt reduction.
07/05/2008
The result is huge swings in consumer spending, first with rising debt and then with debt reduction and the cultural shift to different lifestyles.
Grouped Articles
A Warning Light to Alert the I.M.F.
New York Times 09/21/2011
Deleveraging: It's Not Over Till It's Over
Wall Street Journal 03/11/2009
How Righteousness Killed the World Economy
New York Times 10/12/2014
Americans’ Debt-Cutting Levels Off
Wall Street Journal 12/12/2014
An Ambiguous Omen, U.S. Household Debt Begins to Rise Again
New York Times 02/18/2014
Americans Pocketing What They Save on Gas, Retail Data Suggests
New York Times 01/14/2015
U.S. household wealth, consumer spending and the economy- 2013-2015
03/11/2009
The uneven distribution of household wealth gains after the stock market recovery of 2010-2013 and consumer spending more dependent on income gains.
Grouped Articles
Wealth Tide Doesn't Lift All Boats
Wall Street Journal 12/10/2013
That 2014 Growth Breakout? Not Looking Likely
Wall Street Journal 03/02/2014
Deleveraging: It's Not Over Till It's Over
Wall Street Journal 03/11/2009
'Secular Stagnation' May Be for Real
Wall Street Journal 08/27/2014
How Righteousness Killed the World Economy
New York Times 10/12/2014
An Ambiguous Omen, U.S. Household Debt Begins to Rise Again
New York Times 02/18/2014
U.S. household spending in a very gradual recovery as banks make home loans to people with high credit scores and younger buyers defer purchases
02/18/2014
Linked Articles
Americans’ Debt-Cutting Levels Off
Wall Street Journal 12/12/2014
An Ambiguous Omen, U.S. Household Debt Begins to Rise Again
New York Times 02/18/2014
U.S. households debt to income ratio drops from 130% in 2007 to 108% in 2014, still above historical ratio of 90%
02/18/2014
High student debt of over $1 trillion, banks restricting home loans to higher credit scores, continuing effort to reduce credit card debt, limit spending as U.S. consumer spending recovers very gradually.
Linked Articles
Americans’ Debt-Cutting Levels Off
Wall Street Journal 12/12/2014
An Ambiguous Omen, U.S. Household Debt Begins to Rise Again
New York Times 02/18/2014
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