IDEAS home Printed from https://ideas.repec.org/a/fip/fedkeb/98262.html
   My bibliography  Save this article

Consumer Debt Is High, but Consumers Seem to Have Room to Run

Author

Listed:
  • Jason Brown
  • Colton Tousey

Abstract

Real consumer debt is now higher than its prior peak during the global financial crisis, driven in part by increases in credit card debt. Although the share of credit card debt transitioning into delinquency has risen, it remains below levels seen during the global financial crisis. Moreover, debt-to-income measures remain historically low, suggesting that consumers in aggregate may have more room to run up debt before experiencing further financial stress.

Suggested Citation

  • Jason Brown & Colton Tousey, 2024. "Consumer Debt Is High, but Consumers Seem to Have Room to Run," Economic Bulletin, Federal Reserve Bank of Kansas City, pages 1-3, May.
    • Handle: RePEc:fip:fedkeb:98262
    as

    Download full text from publisher

    File URL: https://www.kansascityfed.org/Economic%20Bulletin/documents/10173/EconomicBulletin24BrownTousey0517.pdf
    File Function: Full Text
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedkeb:98262. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Zach Kastens (email available below). General contact details of provider: https://edirc.repec.org/data/frbkcus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.