Consumer Debt Service Ratio

January 20, 2020 Consumers debt service payments relative to income was unchanged in the third quarter at 9.7% which is the lowest on record for a series that stretches back to 1980 — 38 years ago! The household debt service ratio is an estimate of the ratio of...

Consumer Loans

January 21, 2020 Consumer loans rose 6.4% in December after having risen 3.8% in November (the purple bars).  Over the course of the past year consumer loans have climbed by 6.0% (in red). Led by a pickup in both consumer and mortgage ending activity, total loan...

Consumer Sentiment

January 17, 2020 The preliminary estimate of consumer sentiment for January came in at 99.1 which was virtually unchanged from the December reading of 99.3..  While volatile on a month-to-month basis consumer sentiment remains at a lofty level.  The peak for the cycle...

Consumer Confidence

December 31, 2019 The Conference Board reported that consumer confidence for December fell December fell 0.3 point to 126.5 after having risen 0.7 point in November.  This series has been bouncing around between 125 and 130 since the beginning of last year.   This...

Personal Income and Consumption Expenditures — Monthly

December 20, 2019 Personal consumption expenditures rose 0.4% in November after having climbed 0.3% in October.  Over the course of the past year consumer spending has risen 3.9%.  What we are really interested in is consumption spending in real terms (i.e., after...

Consumer Net Worth

December 4, 2019 Consumer net worth rose $0.6 trillion in the third quarter.  That works out to an annualized rate of increase of 2.0%, but that follows a 6.7% increase in the third quarter.  Over the past year consumer net worth has increased 3.4%.  However, stock...