Debt Levels Continue to Grow in Eighth District's Key Metro Areas

Debt Levels Continue to Grow in Eighth District's Key Metro Areas

[...]the rate of credit card debt accumulation declined, and the outstanding amount of home equity line of credit (HELOC) debt continued to decline since the second quarter. In late 2004, the growth rate of HELOC debt in St. Louis and Little Rock was particularly large, actually exceeding the nation...

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Veröffentlicht in:Regional Economist 2019-01, p.19-21
Hauptverfasser: Mather, Ryan, Schlagenhauf, Don E
Format: Artikel
Sprache:eng
Schlagworte:
Central banks
Consumer credit
Credit cards
Delinquency
Great Recession
Growth rate
Lines of credit
Recessions
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Beschreibung
Zusammenfassung:[...]the rate of credit card debt accumulation declined, and the outstanding amount of home equity line of credit (HELOC) debt continued to decline since the second quarter. In late 2004, the growth rate of HELOC debt in St. Louis and Little Rock was particularly large, actually exceeding the national growth rate in this category. Since around 2010, however, the trend in HELOC debt has largely remained negative for both the national and District MSA economies. [...]the data do not seem to indicate that another debt problem is on the horizon.
ISSN:2572-2131
1932-4707