Federal debt held by the public is on pace to surpass 100% of GDP by the end of 2025. Much of this is due to rising carrying costs.... Read More
Small business owners' outlook on general business conditions reached its second highest level since 1988.... Read More
Many government statistics are collected via surveys. As with political polls, the public is souring on answering them. Response rates continue to head lower.... Read More
Personal consumption continues to make up a larger portion of U.S. GDP as time progresses.... Read More
Checking on mobility and transit in the United States since the COVID-19 pandemic. ... Read More
Household debt in the U.S. stood at $17.94 trillion in the third quarter.... Read More
People under 30 and over 70 hold a relatively small amount of debt compared to other age groups.... Read More
The average third party collection stood at $1705 in the third quarter.... Read More
Household debt broken down by delinquency status... Read More
Credit card debt is now 31% higher than it was pre-pandemic.... Read More
Mortgage originations remain well off the peak set in 2021.... Read More
Small business owners are on the verge of becoming positive about general business conditions for the first time since November 2020. The election results will likely fuel this trend further.... Read More
Since May 2020, foreign-born workers have accounted for over 35% of total employment growth, almost double their share of the labor force.... Read More
The U.S. makes up over a quarter of world GDP. China and Japan have swapped spots in terms of economic output over the past several decades.... Read More
Personal consumption accounted for 2.46% of GDP's 2.80% rise in the third quarter.... Read More
While official retail sales data remains strong, lower-income household spending has been somewhat stagnant for a couple years now.... Read More
In the second quarter of this year, retirement assets rose to $40 trillion, ten times the size of the assets in 1974.... Read More
The Federal Reserve cut rates in September while the US economy remains strong, inflation remains above the 2% target, and financial conditions are very easy. ... Read More
Personal consumption continues to make up a larger portion of U.S. GDP as time progresses.... Read More