Charts of the Week
Breaking Down Household Debt by Age Group
August 16, 2024
People under 30 and over 70 hold a relatively small amount of debt compared to other age groups.
People under 30 and over 70 hold a relatively small amount of debt compared to other age groups.
The average third party collection stood at $1609 in the second quarter.
Household debt broken down by delinquency status
Credit card debt is now 28% higher than it was pre-pandemic.
Mortgage originations remain well off the peak set in 2021.
Some interesting charts from our recent posts
Today's topics include Timiraos says labor data will decide size of September cut, where is the terminal rate?, Fed officials turn focus to labor mandate, more on yesterday's CPI release, housing market improving for renters, Buffett & value investing, and more issues for shipping industry
July's inflation data came in right at expectations. Supercore inflation, a measure closely watched by the Fed, fell for the third month in a row. Nothing from this morning's release did much to change traders' thinking about future Fed cuts, which makes sense considering the BLS will release one more CPI report before the next FOMC meeting.
Today's topics include markets are looking at the Fed not the election, S&P 500's concentration on AI-driven profitability, momentum investing, value investing, odds of recession said to have risen, Bostic says not there on inflation just yet, no signs of fear in the credit market just yet, betting on a resurgence in big tech, more on China's economic woes, millennial wealth, and port of LA shipping traffic sees record volume
Today's topics include previewing tomorrow's CPI report, the Fed's reverse repo facility, how long will volatility last?, replacing data dependency with "common sense", the odds of recession, seeking safety in bonds, and buying index castoffs