Charts of the Week
Breaking Down Household Debt by Age Group
August 11, 2022
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 totaled $1239 in the second quarter, just off the lowest level since Q4 2006.
Household debt broken down by delinquency status
Outstanding credit card debt remains below pre-pandemic levels. This was likely due to a lack of spending options during quarantines alongside increased savings accounts from government stimulus checks.
Mortgage originations slowed markedly in the second quarter.
Some interesting charts from our recent posts.
CPI came in lower than expectations for the first time in almost a year. Projecting where inflation will be at year-end is an impossible task, but running through several scenarios offers some perspective.
Today's topics include hedge funds' poor returns, oversupply in the housing market, exiting alternative investments, Putin dominates energy markets, retail trading activity, criticizing the BoE, bond markets & the economy, and US consumer loans
Both the Cleveland Federal Reserve's CPI Nowcast and the median Wall Street CPI estimate have proven too low in 17 of the last 18 months. Such a consistent one-sided forecasting error suggests a change in the economy is not being accounted for, meaning inflation might be more persistent than most believe.
Today's topics include talkin' inflation, is this time different for the yield curve?, El-Erian on US economy, a shortage of workers, wage growth keeping inflation higher, housing sentiment continues to deteriorate, don't expect help from the Fed, pension funds struggling in 2022, Europe's dormant bond market, and U.S. Treasury sanctions crypto privacy protocol