Examining the State of U.S. Household Debt

The video discusses current borrowing trends, highlighting that mortgage debt is growing steadily but not as fast as the economy. It emphasizes the improved credit quality of new mortgages, with most going to high credit score borrowers, leading to low delinquency rates. The correlation between employment and delinquency rates is explored, showing a strong consumer backdrop. Student loan delinquencies are at their lowest since 2005, attributed to strong labor markets and repayment plans. The Fed's perspective on economic data suggests that housing's smaller role in the economy may affect interest rate impacts. Lastly, productivity growth is discussed as a factor in potential interest rate hikes.

What factors are contributing to the current trends in mortgage borrowing?

How does the current credit quality of new mortgages compare to previous expansions?

What relationship exists between unemployment rates and loan delinquencies?

What impact does the current economic backdrop have on the Federal Reserve's monetary policy?

In what ways are companies addressing rising labor costs according to the recent earnings calls?