Daily Three: New Home Sales Out West, More Debt and Credit Standards
March 23, 2016    Disclosures    POSTED IN  Personal FinanceEconomy
  • Nationally, home sales rose in February, however the strength of one region more than accounted for all of the gain. CNBC
  • Those over the age of 45 are borrowing far more than their counterparts did a dozen years ago (even after accounting for the aging U.S. population) . Total debt for those age 67 and older grew by 169%. Liberty Street Economics

Total Debt Balance by Age of BorrowerDebt behavior v population aging

  • Though credit standards have loosened over the past two years, they remain tight relative to the period prior to the 2008-09 financial crisis. Federal Reserve Bank of New YorkCredit standards
  Legal, Privacy and Compliance Documents