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The Broad, Continuing Rise in U.S. Credit Card Debt Delinquency
An analysis examines the continuing rise in U.S. credit card delinquency through the share of people late on their payments and the share of debt that’s past due.
Tracking the Shift from Mortgage Refinancings to HELOCs
HELOC use has surged broadly in recent years as homeowners seeking liquidity have pursued alternatives to refinancing low fixed-rate mortgages.
The Broad, Continuing Rise in Delinquent U.S. Credit Card Debt Revisited
The share of Americans late on credit card payments and the share of debt that’s past due continue rising widely, but growth in delinquency rates has slowed since early 2024.
Cryptocurrency Ownership among U.S. Households
An analysis of 2022 survey data found that only about 4.3% of U.S. households owned cryptocurrency and an even smaller proportion held large amounts.
Journal Article
Understanding the Recent Evolution of Auto Loans by Income Level
Per-person auto loans in the richest 10% of zip codes stayed constant for 2016-24, while in the poorest 10% of zip codes they have climbed steadily since 2011.
Share of Americans in Financial Distress Reaches High Levels
A smaller share of Americans were in financial distress in 2021 than before the pandemic. Depending on the type of debt, the incidence of financial distress has returned to a high level in 2023.
Real-Time Insights into Consumption Growth Inequality since the Onset of COVID-19
An analysis of households with different spending levels finds that sharp disparities in real consumption growth arising after the onset of COVID-19 have narrowed since 2023.
Financing R&D Spending: The Role of Corporate Cash Holdings
Firms with higher R&D spending tend to hold more cash. In recent years, as AI investment has increased, R&D intensity has gone up while cash ratios have declined.
Journal Article
The Role of Credit Scores in the Recent Rise in Credit Card Delinquency
Researchers Sánchez and Mori examine the relationship between rising credit scores during the COVID-19 pandemic and subsequent increases in credit card delinquencies.
Journal Article
Real-Time Estimates of Differences in Real Expenditure Growth and Inflation across Households
This article presents a framework to monitor differences in real expenditure growth and inflation in real time, focusing on variations across the expenditure distribution. High-frequency tracking of heterogeneity in real expenditure growth and inflation holds particular value for policymakers. The newly constructed time series reveals three key findings. First, households with lower expenditure levels have faced higher inflation since 2000 than those with higher expenditure levels, with significant disparities in the range of 0.57 and 1.23 percentage-point differences between 2005–2008 and ...