Consumer Debt Service Ratio

March 18, 2019 Consumers debt service payments relative to their income were essentially unchanged in the fourth quarter at 9.9%.  This debt service ratio peaked at 13.2% of income in the fourth quarter of 2007, and it fell rapidly for the next give years and...

Consumer Net Worth

March 7, 2019 Consumer net worth fell $3.7 trillion in the fourth quarter.  That works out to an annualized rate of  decline of 13.8%.  Over the past year consumer net worth has increased 0.8%. The growth in net worth reflects both the steady increase in stock prices...