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Data Dive: US Consumer Debt in Focus as the Fed Cuts Rates
11 minutes

Data Dive: US Consumer Debt in Focus as the Fed Cuts Rates

Primary Analyst:
John Mercer, Head of Global Research and Managing Director of Data-Driven Research
Contributors
Primary Analyst:
John Mercer, Head of Global Research and Managing Director of Data-Driven Research
Insight Report

What's Inside

The US Federal Reserve is cutting interest rates, with the latest, 50-basis-point interest-rate cut announced on September 18, 2024.

In this Data Dive, we review the state of consumer debt in the US amid these cuts, including trajectories, delinquencies (past-due) and ratios to income. Read our data-driven insights to understand key metrics shaping the US consumer economy.

Data in this research report include:

  • US household debt, 2Q24, including outstanding balances and delinquency rates
  • US household credit card debt, 2010–2024
  • US household debt service payments as a proportion of disposable personal income
  • Raio of US consumers’ unsecured debt to monthly household income, breakdown by income—proprietary survey data

Companies mentioned in this report include: Costco, Dick’s Sporting Goods, Kohl’s, Shein, Target, The TJX Companies

Other relevant research:

  • More reports in the Coresight Research Data Dive series
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