Consumer credit The Federal Reserve Bank Of New York’s fourth-quarter report on household debt and credit presents a positive picture of US consumer indebtedness. Overall, the report, a copy of which has been reviewed by ValueWalk, shows a healthy demand for lending and delinquency rates continue to trend lower. However, the problem areas of student loan debt and auto lending continue to weigh on overall lending and default metrics. Bridgewater Report Notes Lack Of Consumer Credit Demand Overall, aggregate household debt balances increased by 1.8% during the fourth quarter $12.58 trillion, up $226 billion quarter-on-quarter. Household debt remains just below…
Federal Reserve Bank Of New York: Consumer Credit Is Deteriorating
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk