All Posts Tagged: debt

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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Investment Insights: Making sense of Puerto Rico

Tom Musbach
Posted by Tom Musbach
Editor
View down a deserted street in Puerto Rico, with colorful buildings on each side.

The Commonwealth of Puerto Rico has seen its share of adversities, but perhaps none so devastating as where it finds itself today.

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Millennials: Insights on their homebuying activities & intentions

Victor Polich
Mortgage Banking
Young couple sitting on floor, painting an interior wall; but the woman is using a small paintbrush and paints a symbol of a small blue house on the wall.

When it comes to homebuying, it’s not uncommon to hear that millennials are breaking with the traditions of their parents and grandparents.

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7 simple steps to saving more money

Paul Appleton
Consumer Banking
Young African American couple discussing financial paperwork while leaning on a kitchen counter near a large, bright window.

I hope that the following ideas may make it easier to achieve the goal of saving more.

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Tips for managing your holiday spending

Paul Appleton
Consumer Banking
Young couple looking at an outdoors Christmas market.

What you spend and how you spend are powerful levers that may help ensure the holiday season is a treasured one.

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