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: Canada Store Openings and Closures Tracker 2025: Best Buy, Dollarama and Loblaw Companies Lead Openings at the Start of the YearEarnings Insights 4Q24, Week 6: Sales Decline for Kroger, Macy’s, Ross Stores and Other RetailersHow Will Tariffs Impact China’s Singles’ Day 2025? Six Months To Go—What Brands and Retailers Need to KnowTariff Anxiety Hits the Supermarket: US Consumers Turn Cautious When Shopping for Groceries
