All Posts Tagged: California

U.S. Outlook: The state of household finances today

Scott Anderson
Chief Economist

The popular narrative is that households have done a good job of repairing their balance sheets since the Great Recession by paying down debt during the current economic expansion.

view from above as older couple looks at a laptop together while going through financial paperwork.But is that really true?

For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on June 22.

Key observations:
  • According to a Federal Reserve report, nominal household debt hit a record high $15.3 trillion in the first quarter of 2018.
  • This additional debt has helped support the second longest economic expansion in history.
  • Household debt as a share of disposable income has mostly been declining since hitting a high of 133.7% since the fourth quarter of 2007.
  • Household debt levels remain quite different by state.

 

Read my full report.

 

 

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California Economic Outlook – June 2018

Scott Anderson
Chief Economist
Side view of tall concrete bridge spanning two peaks along the coastline of California at sunset.

California’s job creation continues to outperform the nation, but job growth has slowed as more metro areas exceed full employment.

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Crop-jacking: What your company can do about this growing threat

David Pollino
Security
Closeup on a bunch of pistachios.

California’s nut processors are battling a wave of heists worth millions of dollars.

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On the 2015 Crush Report and wine consumption trends

Adam Beak
Posted by Adam Beak
Agribusiness Banking
Side of a large, old wooden barrel brimming with just-harvested purple grapes and leaves.

Overall, 2015 provided an embarrassment of riches in what we didn’t need and a dearth of what we were hoping for.

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U.S. Outlook: Western states charge ahead; many others lag

Scott Anderson
Chief Economist
Graphic showing increase in personal incomes in western United States

Average personal income growth for all states was up 4.4% in 2015, with the Western and Southeastern states showing the strongest percentage gains in personal income.

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