Charts of the Week
Household Debt Rises to $15.24 Trillion
November 12, 2021
Household debt in the U.S. rose to $15.24 trillion in the third quarter.
Household debt in the U.S. rose to $15.24 trillion in the third quarter.
Consumers are being cautious with their lines of credit, using just 20% of their credit limit.
People under 30 hold a relatively small amount of debt compared to other age groups.
The percentage of consumers with debt at a collection agency has fallen over the past couple years.
Household debt broken down by delinquency status
Outstanding credit card debt has declined from pre-pandemic levels. This was likely due to a lack of spending options during quarantines. More recently, stimulus checks helped consumers pay off debt.
The third quarter saw $1.1 trillion in mortgage origination.
Some interesting charts from our recent posts
After taking a pause for most of 2021, the options markets are lighting up again with both retail and institutions piling in.
Today's topics include inflation looks more persistent, checking in on rate hike expectations, gold breaks out, the housing market, Evergrande keeps limping along, the strategic petroleum reserve, Singapore voices concerns over a CBDC, and ETH adoption
Jim Bianco: The Fed’s Financial Stability report was released yesterday. It lists the risks the Fed sees for markets. These include stablecoins, China Real Estate developers, meme stocks, US/China relations, and a flare up of COVID. What is not mentioned in any of the 67 pages? That the Fed, and by extension”persistent” inflation, represents a… Continue reading Bespoke Commentary from Bianco Research and Arbor Data Science – November 10th, 2021