Insight Report 11 minutes PremiumData Dive: US Consumer Debt in Focus as the Fed Cuts Rates John Mercer, Head of Global Research and Managing Director of Data-Driven Research September 18, 2024 What's InsideThe 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 Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: US and UK Retail Bankruptcies Latest, August 2023: Wilko Administration Bucks UK Discount Growth TrendThree Data Points We’re Watching This WeekIn-Store Shopping Thrives: US Consumer Tracker 2023, Week 27Head-to-Head in Global CPG: Procter & Gamble vs. Unilever
