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Debt, Delinquencies, and Consumer Spending, Volume 3, Issue 3

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Debt, Delinquencies, and Consumer Spending, Volume 3, Issue 3

DATE: February 1997

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ABSTRACT: The sharp rise in household debt and delinquency rates over the last year has led to speculation that consumers will soon revert to more cautious spending behavior. Yet an analysis of the past relationship between household liabilities and expenditures provides little support for this view.

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Federal Reserve Bank of New York. Research and Statistics Group. "Debt, Delinquencies, and Consumer Spending, Volume 3, Issue 3," Current Issues in Economics and Finance (February 1997). https://fraser.stlouisfed.org/title/6879/item/627873, accessed on March 28, 2023.

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