Just Released: Who Is Driving the Auto Lending Recovery?
Abstract: This morning, the New York Fed released its Quarterly Report on Household Debt and Credit for the second quarter of 2013. It shows a $78 billion decline in overall household debt from the previous period. Delinquency rates improved considerably, with the overall ninety-plus day delinquency rate falling to 5.7 percent, the lowest it has been since mid-2008. The Quarterly Report is based on data from the New York Fed?s Consumer Credit Panel, a nationally representative sample drawn from anonymized Equifax credit data.
JEL Classification: D1;
File(s): File format is text/html https://libertystreeteconomics.newyorkfed.org/2013/08/just-released-who-is-driving-the-auto-lending-recovery.html
Provider: Federal Reserve Bank of New York
Part of Series: Liberty Street Economics
Publication Date: 2013-08-14