Money & Credit: FRB-NY Household Debt & Credit Report May 17, 21 Dr. Edward Yardeni 51-972-73 eyardeni@ Please visit our sites at www. blog. thinking outside the box
Table Of Contents Table Of Contents Household Debt & Credit 1- May 17, 21 / FRB-NY Household Debt & Credit Report www.
Household Debt & Credit 1 Figure 1. TOTAL HOUSEHOLD DEBT BALANCE (trillion dollars) 1 1 1 1999 2 21 22 23 2 25 2 27 2 29 21 211 2 213 21 215 21 217 21 219 22 75 7 Figure 2. COMPOSITION OF HOUSEHOLD DEBT: MORTGAGES (as a percent of total debt balance) 75 7 73 73 72 72 71 71 7 7 9 9 7 1999 2 21 22 23 2 25 2 27 2 29 21 211 2 213 21 215 21 217 21 219 22 7 Page 1 / May 17, 21 / FRB-NY Household Debt & Credit Report www.
Household Debt & Credit 1 Figure 3. COMPOSITION OF HOUSEHOLD DEBT: NON-MORTGAGE (as a percent of total debt balance) 1 1 Home Equity Revolving Credit (3.3) Auto Loans (9.3) Credit Card (.2) Student Loans (1.7) Other (2.9) 1 2 2 1999 2 21 22 23 2 25 2 27 2 29 21 211 2 213 21 215 21 217 21 219 22 5 Figure. DEBT BALANCE PER CAPITA* (thousand dollars) 5 3 2 1 Total (9.) Mortgages (33.) Home Equity Revolving Credit (1.) Auto Loans (.) Credit Card (3.1) Student Loans (5.3) 3 2 1-1 1999 2 21 22 23 2 25 2 27 2 29 21 211 2 213 21 215 21 217 21 219 22-1 * Per-capita figures correspond with the population of individuals who have a credit report Page 2 / May 17, 21 / FRB-NY Household Debt & Credit Report www.
5 Figure 5. NUMBER OF ACCOUNTS: CREDIT CARDS (million dollars) Household Debt & Credit 5 5 5 35 1999 2 21 22 23 2 25 2 27 2 29 21 211 2 213 21 215 21 217 21 219 22 35 Figure. NUMBER OF ACCOUNTS BY LOAN TYPE EXCLUDING CREDIT CARDS (millions) 1 1 Mortgages (79.9) Home Equity Revolving Credit (15.) Auto Loans (11.9) Student Loans* (DISCONTINUED SERIES) (.2) 2 2 1999 2 21 22 23 2 25 2 27 2 29 21 211 2 213 21 215 21 217 21 219 22 * Number of borrowers. Page 3 / May 17, 21 / FRB-NY Household Debt & Credit Report www.
Figure 7. MORTGAGE ORIGINATIONS BY CREDIT SCORE* (as a percent of total mortgage originations) Household Debt & Credit 2 Credit Score 2 (3.5) 2-759 (3.) 7 (5.1) 2 23 2 25 2 27 2 29 21 211 2 213 21 215 21 217 21 219 22 * Credit score is Equifax Riskscore 3.. Figure. CREDIT SCORE AT ORIGINATION: MORTGAGES (millions) 75 75 7 7 5 5 55 Median (71.) 1th Percentile (55.) 25th Percentile (75.) 1999 2 21 22 23 2 25 2 27 2 29 21 211 2 213 21 215 21 217 21 219 22 55 Page / May 17, 21 / FRB-NY Household Debt & Credit Report www.
Figure 9. AUTO LOAN ORIGINATIONS BY CREDIT SCORE (as a percent of total auto loan originations) Household Debt & Credit 5 5 Credit Score 2 (1.9) 2-759 (7.) 7 (33.3) 3 3 2 2 1 23 2 25 2 27 2 29 21 211 2 213 21 215 21 217 21 219 22 1 75 Figure 1. CREDIT SCORE AT ORIGINATION: AUTO LOANS (millions) 75 7 7 5 5 55 5 Median (7.) 1th Percentile (573.) 25th Percentile (37.) 1999 2 21 22 23 2 25 2 27 2 29 21 211 2 213 21 215 21 217 21 219 22 55 5 Page 5 / May 17, 21 / FRB-NY Household Debt & Credit Report www.
Household Debt & Credit Figure 11. CREDIT LIMIT & BALANCE FOR CREDIT CARDS (trillions) 3 3 2 Credit Card Limit (3.5) Credit Card Balance (.) 2 1 1 1999 2 21 22 23 2 25 2 27 2 29 21 211 2 213 21 215 21 217 21 219 22 1.5 Figure. CREDIT LIMIT & BALANCE FOR HOME EQUITY REVOLVING (trillions) 1.5 1. 1..5.5 Home Equity Revolving Limit (.9) Home Equity Revolving Balance (.). 1999 2 21 22 23 2 25 2 27 2 29 21 211 2 213 21 215 21 217 21 219 22. Page / May 17, 21 / FRB-NY Household Debt & Credit Report www.
Household Debt & Credit 11 1 9 Figure 13. TOTAL BALANCE BY DELINQUENCY STATUS (percent) 11 1 9 7 Current (95.) 3- Days Late (1.5) 9-+ Days Late (3.1) 7 5 5 3 3 2 2 1 1 1999 2 21 22 23 2 25 2 27 2 29 21 211 2 213 21 215 21 217 21 219 22 15 1 Figure 1. PERCENT OF BALANCE 9+ DAYS DELINQUENT BY LOAN TYPE (percent of balance) Mortgages (1.2) HELOC (1.5) Auto Loans (.3) Credit Card (.) Student Loans (1.7) 15 1 5 5 1999 2 21 22 23 2 25 2 27 2 29 21 211 2 213 21 215 21 217 21 219 22 Page 7 / May 17, 21 / FRB-NY Household Debt & Credit Report www.
1 Figure 15. Household Debt & Credit NUMBER OF CONSUMERS WITH NEW FORECLOSURES & BANKRUPTCIES (thousands) 1 2 1999 2 21 22 23 2 25 2 27 2 29 21 211 2 213 21 215 21 217 21 219 22 Foreclosure (7.5) Bankrutcpy (191.5) 2 1 Figure 1. PROPORTION OF CONSUMERS WITH THIRD PARTY COLLECTION (percent) 1 1 1 1 1 1999 2 21 22 23 2 25 2 27 2 29 21 211 2 213 21 215 21 217 21 219 22 Page / May 17, 21 / FRB-NY Household Debt & Credit Report www.
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