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Consumers Remain Heavily Burdened
Financial obligations and the debt service ratios dropped sharply in the second quarter. However the decline was driven by a surge in disposable income due to stimulus effects, and the onetime payments to Social Security and other government retirement program recipients. More importantly, revisions to the income data suggest that prior declines in the debt service and financial obligations ratios were only slightly over half what was previously reported. This means households remain severely burdened and will need to continue to adjust their behavior to improve their financial situations.... |
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New To Consumer Flow?
"...a great tool for businesses and traders who constantly must have their fingers on the pulse of consumer cash flow..." - Barron's, March 21, 2005
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