Sentences with phrase «household debt declined»

Outstanding household debt declined approximately $ 110 billion from the previous quarter, due in large part to a reduction in housing - related debt and credit card balances.

Meanwhile, delinquency rates for each form of household debt declined, with about 8.1 percent of outstanding debt in some stage of delinquency, compared with 8.6 percent the previous quarter.

Not exact matches

TORONTO, May 1 - The Canadian dollar fell to a four - week low against its U.S. counterpart on Tuesday before paring its decline, as Bank of Canada Governor Stephen Poloz said the outlook for the domestic economy is good despite the overhang of high household debt.

Their newest paper uses historical data from multiple countries to show that an increase in the ratio of household debt to gross domestic product over a three - to - four - year period predicts a decline in economic growth.

«When house prices declined, ushering in the global financial crisis, many households saw their wealth shrink relative to their debt,» its authors observed, «and with less income and more unemployment, found it harder to meet mortgage payments.»

At least some households would use the funds to pay down debt, meaning the money would flow to the banking sector anyway, but with one critical difference: household debt would actually decline, leaving household balance sheets in better shape and owing less interest every month.

Unlike for household debts, government debts steadily declined before the recession.

«International research has found that highly indebted households cut back their spending to a greater degree in response to declining house prices than those with lower debt levels,» he said in a letter to the House finance committee this month.

By contrast, its GPI performance declined over the same period as the booming province experienced growing wealth disparity, increased household debt, more greenhouse gas emissions and a spike in problem gambling, among other things.

Although the household debt to net worth ratio has declined considerably from its peak, it is still around 26 percent, well above the already elevated average of the past decade (Chart 19).

I am in the bottom right box, in which a cut in the U.S. fiscal deficit will cause no change in the U.S. trade deficit because it will be matched by a decline in household savings as unemployment rises, as consumer debt rises, or both.

For example, an important question regarding recent household deleveraging has been to what extent the decline in aggregate household debt was attributable to delinquent debt charge - offs as opposed to active debt paydowns by consumers.

Risks associated with the Consumer Discretionary sector include, among others, apparel price deflation due to low - cost entries, high inventory levels and pressure from e-commerce players; reduction in traditional advertising dollars; increasing household debt levels that could limit consumer appetite for discretionary purchases; declining consumer acceptance of new product introductions; and geopolitical uncertainty that could impact consumer sentiment.

Yes, of course it can, if the household savings rate declines, but as China's economy slows and as concerns about debt rise, it seems to me a tad optimistic to assume that the household savings rate will decline sharply.

«A slight decline in real - estate related balances, consistent with broader housing market developments, contributed to a flat quarter for total outstanding household debt,» Donghoon Lee, senior economist at the New York Fed, said in a statement.

«Major declines in house prices and the continuing high level of unemployment are reflected in the various measures of household debt and credit.

Judged at the median, young households without student debt have indeed experienced declining debt burdens since 2007.

The puzzle of declining total indebtedness in the face of rising student loan debt can be resolved by examining debt burdens among younger households.

This was the biggest proportional decline in interest rates, delivering the biggest reduction in the debt servicing burden of the household sector, seen in Australia's modern history.

Importantly, this decline has allowed households to borrow roughly twice as much relative to income as was possible in the late 1980s, while maintaining a given debt - servicing ratio.

The key is that household debt will have to decline to the levels of the 1950s, 1960s, and 1970s of 50 % of GDP and 65 % of PDI.

While household debt levels in the UK and US have declined since the 2008 financial crisis, levels in Australia have continued to rise.

The expected sharp decline in economic activity and employment also represented a possible trigger for Canadian financial stability risks related to elevated household debt.

The Blair / Brown economic legacy was one of under - investment in key infrastructure, notably transport and energy; a continuing decline in manufacturing contributing to a structural balance of payments deficit; an accelerating regional economic divide; and a speculative property and construction boom financing public and private consumption through highly leveraged government and household debt.

Despite the fact that the median household income continues to decline (now it's less than $ 50,000 a year), the average household debt continues to rise.

While American households have succeeded at paying down some of their debt over the past three years, the median household's total savings have declined when adjusted for inflation.

Though Federal Reserve governor Janet Yellen recently noted that American household balance sheets are much improved, the quality of American credit card debt is declining and remains a significant burden for many U.S. households.

, the quality of American credit card debt is declining and remains a significant burden for many U.S. households

Judged on the basis of the typical debt - to - income ratio, the decline in household indebtedness among younger households has not been uniform.

The puzzle of declining total indebtedness in the face of rising student loan debt can be resolved by examining debt burdens among younger households.

I think this example is pretty instructive as it shows that a declining US household debt to income ratio resulted in a lower growth rate but not a complete collapse in their economy (of course excluding the 2008 - 09 recession which was short - lived).

It reveals that the median income for middle class households fell by nearly 5 percent between 2000 and 2014, and their median wealth (assets minus debt) declined by 28 percent after the housing market crisis and the subsequent recession.

As consumer debt falls, unemployment declines and households improve their credit scores, more buyers will qualify for mortgages and enter the market.

A quarterly survey by the New York Federal Reserve Bank1 shows that total household debt continues to decline, but at a slowing pace.

The link between rising student loan debt and the start of the housing crisis comes on the heels of a recent report from the Federal Reserve showing that U.S. household wealth plunged nearly 40 percent from 2007 to 2010 as a result of declining home values.

Between 2009 and 2011, mortgage debt declined by 7.8 % and the market value of households» real estate slipped by 3.3 %.

In nominal terms, the outstanding amount of mortgage debt nationwide has not surpassed its housing - boom related peak and is a declining share of households and nonprofits» aggregate balance.

Because of these declines, the typical black household had just $ 5,677 in assets (minus debts) in 2009, and Hispanic households had $ 6,325 in assets, compared to white households, which had $ 113,149.