Interesting Perspectives on Consumer Credit

March 1st, 2014
in econ_news

Econintersect: Would you believe that -

  • Young people were actually significantly less likely than older borrowers to be more than 90 days delinquent?
  • Unemployment was less likely to lead to mortgage delinquency and foreclosure in those states where unemployment insurance was more generous?

Follow up:

The above questions were answered at the Federal Reserve bank of Philadelphia's conference on consumer credit where 7 studies were presented. The report follows.

[click on image below to read the report]


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