As a result of the housing and mortgage crisis of the Great Recession, economists have been paying more attention to the liabilities portion of household balance sheets. Among the New York Federal Reserve Board’s many economic reports is the Household Debt and Credit report, which is released quarterly with data going back to 2003.
Data is collected through the NY Fed’s Consumer Credit Panel which is constructed from a nationally representative random sample of Equifax credit report data resulting in a sample size of over 40 million individuals quarterly. Here is some background on the report from the NY Fed:
The large […] Read more