Sentences with phrase «analysis of household debt»

Not exact matches

It's no surprise that debt is a focus: At the end of 2016, the average household carrying debt owed $ 134,643, according to a NerdWallet analysis of Federal Reserve data.

Among households that had credit card debt at the end of 2016, the average owed is $ 16,748, according to a NerdWallet analysis.

Households with any kind of debt owe $ 133,568 (including mortgages), on average, the data analysis found.

According to an analysis of Federal Reserve and TransUnion data by the personal - finance site ValuePenguin, credit - card debt stood at about $ 5,700 per household in 2015.

About 38 percent of households carried some debt, according to the analysis, and among those, the average was more than $ 15,000.

[14] The analysis suggests that this policy would increase spending and incomes in the economy — without increasing the level of household debt.

At the end of September, the average household with credit card debt carried a balance of $ 15,654, according to a NerdWallet.com analysis.

The Pew Research analysis also finds that a record 40 % of all households headed by someone younger than age 35 owe such debt, by far the highest share among any age group.

And today's young adults are getting into trouble with borrowing money for college at unprecedented rates: In a February 2013 analysis on student debt, Federal Reserve Bank of New York economist Donghoon Lee said, «Student debt is the only kind of household debt that continued to rise through the Great Recession.»

GAO's analysis of the data from the Survey of Consumer Finances reveals that about 3 percent of households headed by those aged 65 or older — about 706,000 households — carry student loan debt.

The Bank of Canada is committed to examining the vulnerability associated with increasing household debt with a greater analysis scheduled for release in December 2015.

Using the National Retirement Risk Index (NRRI), which measures the percentage of working - age households «at risk» of falling short in retirement, the analysis found that if NRRI households had started out with today's student debt levels, the index would be 56.2 percent of U.S. households at risk instead of the already alarming 51.6 percent.

Student debt burdens are weighing on the economic fortunes of younger Americans, as households headed by young adults owing student debt lag far behind their peers in terms of wealth accumulation, according to a new Pew Research Center analysis of government data.

An analysis of the most recent Survey of Consumer Finances finds that households headed by a young, college - educated adult without any student debt obligations have about seven times the typical net worth ($ 64,700) of households headed by a young, college - educated adult with student debt ($ 8,700).

3.1 We will undertake a comprehensive review your current financial situation, including an analysis of your income (all the money that comes into your household), your essential and priority expenditure (things like rent or mortgage, gas, electricity, food, transport to work and any repayments towards loans that secured against an asset such as your home), unsecured debts (such as credit cards, overdrafts and personal loans) and assets (things you own that have a saleable value, such as property and cars).

The sample used for this analysis was restricted to the set of households that were making payment on their student loan debts and earning at least some wage income.iii The survey includes a representative sample of all U.S. households, so the outstanding student loan debt balance at the time of the survey reflects various points during the repayment period (in contrast to surveys which capture total debt incurred).

A thorough needs analysis should consider the total amount of your current debts including your home mortgage loan, car payments, student loans, and credit card debt, as well as, your share of future household expenses such as the cost of your children's future college tuition.

New analysis of government data by the National Association of Home Builders (NAHB) reveals a connection between rising student loan debt and the onset of the housing slump, and offers yet another example of how lower home values have hurt millions of middle class households and threatens the fragile economic recovery.