U.S. Consumer Debt Payments And Credit Buffers On The Eve Of COVID-19
from Liberty Street Economics
– this post authored by Andrew Haughwout, Donghoon Lee, Joelle Scally, and Wilbert van der Klaauw
Today, the New York Fed’s Center for Microeconomic Data released the Quarterly Report on Household Debt and Credit for 2020:Q1. Because consumer debt servicing statements are typically furnished to credit bureaus only once during every statement period, our snapshot of consumer credit reports as of March 31, 2020, is, in effect, largely a pre‑COVID‑19 view of the consumer balance sheet.
Source: http://econintersect.com/pages/contributors/contributor.php?post=202005051247
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