Tag Archives: FRB

Consumer Borrowing Slowed in May, Fed Report Shows

Consumer Borrowing Slowed in May, Fed Report Shows Source: Federal Reserve Board/Federal Reserve Bank of Atlanta U.S. consumers took on debt at a slower pace in May, according to the Federal Reserve’s monthly consumer credit report. Total consumer credit outstanding, which includes loans for household, family, or personal expenditures, grew $16.1 billion—or 5.7 percent annually—in […]

Credit Supply and the Rise in College Tuition: Evidence from the Expansion in Federal Student Aid Programs

Credit Supply and the Rise in College Tuition: Evidence from the Expansion in Federal Student Aid Programs Source: Federal Reserve Bank of New york When students fund their education through loans, changes in student borrowing and tuition are interlinked. Higher tuition costs raise loan demand, but loan supply also affects equilibrium tuition costs—for example, by […]

Are Millennials Responsible for the Decline in First-Time Home Purchases?

Are Millennials Responsible for the Decline in First-Time Home Purchases? Source: Federal Reserve Bank of Atlanta Having isolated first-time homebuyers in this data set, we looked at their purchasing trends and demographic attributes from 2000 to 2014. In this data set, we found that roughly 1 percent to 2 percent of the population purchased a […]

Household Debt and Credit Report

Household Debt and Credit Report Source: Federal Reserve Bank of New York Aggregate household debt balances were flat in the first quarter of 2015. As of March 31, 2015, total household indebtedness was $11.85 trillion, a $24 billion, or 0.2% increase from the fourth quarter of 2014. Overall household debt remains 6.5% below its 2008Q3 […]

U.S. Consumer Holdings and Use of $1 Bills

U.S. Consumer Holdings and Use of $1 Bills Source: Federal Reserve Bank of Boston Key Findings The adult U.S. consumer with median holdings carries two $1 bills, while the mean $1 bill holding is slightly below three. The data reveal wide variety in the number of $1 bills that U.S. consumers carry: some consumers hold […]