Percent Change
This dataset tracks percent change over time.
Latest Value
3.30
Year-over-Year Change
-71.05%
Date Range
4/1/2008 - 4/1/2010
Summary
The Percent Change trend measures the quarterly percent change in household debt in the United States. This metric is closely watched by economists and policymakers as an indicator of consumer and household financial health.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Percent Change trend represents the quarter-over-quarter percent change in total outstanding household debt, including mortgages, auto loans, student loans, and credit card balances. It provides insight into the growth or contraction of household debt levels, which can signal changes in consumer confidence and spending patterns.
Methodology
The data is calculated by the U.S. Federal Reserve based on household debt information from various sources.
Historical Context
Policymakers and analysts use this trend to assess the financial stability of U.S. households and make informed decisions about monetary and fiscal policies.
Key Facts
- Household debt reached a record high of $16.15 trillion in Q4 2022.
- The percent change in household debt has averaged 1.3% per quarter over the past 5 years.
- Mortgage debt accounts for the largest share of total household debt in the U.S.
FAQs
Q: What does this economic trend measure?
A: The Percent Change trend measures the quarterly percent change in total outstanding household debt in the United States, including mortgages, auto loans, student loans, and credit card balances.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely monitored by economists and policymakers as an indicator of consumer and household financial health, providing insights into changes in consumer confidence and spending patterns.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on household debt information from various sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the financial stability of U.S. households and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Federal Reserve, with a typical delay of 2-3 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Percent Change (HHD54133TAXABL157QNSA), retrieved from FRED.