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Just Released: Household Debt and Credit Developments in the Nation and the Region in 2011:Q1

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Abstract

This post gives our summary of the 2011:Q1 Quarterly Report on Household Debt and Credit, released today by the New York Fed. The report shows signs of healing in household balance sheets in the United States and the region, as measured by consumer debt levels, delinquency rates, foreclosure starts, and bankruptcies— although the regional data are somewhat mixed. The report captures the debt and credit activity of an anonymous, nationally representative panel of U.S. households.

Suggested Citation

  • Andrew F. Haughwout & Donghoon Lee & Wilbert Van der Klaauw, 2011. "Just Released: Household Debt and Credit Developments in the Nation and the Region in 2011:Q1," Liberty Street Economics 20110509a, Federal Reserve Bank of New York.
    • Handle: RePEc:fip:fednls:86745
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    Keywords

    New Jersey; Consumer debt; deleveraging; New York; mortgages;
    All these keywords.

    JEL classification:

    • D1 - Microeconomics - - Household Behavior

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