January 2014 Consumer Credit: Credit Card Use Up

Written by Steven Hansen Econintersect analysis is that total consumer credit growth decelerated 0.1% month-over-month, and the year-over-year growth is 5.9%. The seasonally adjusted consumer credit headlines are showing a growth of 5.25%. The underlying dynamics are very interesting this month as all the growth can be attributed to student loans – all while student …

Joe Sixpack’s Situation in 4Q2013: Joe Is Not Feeling Rich

Written by Steven Hansen A Federal Reserve data release (Z.1 Flow of Funds) for 3Q2013 provides insight into the finances of the average household – and our beloved “Joe Sixpack”. Our modeled “Joe Sixpack” – who owns a house and has a job, and essentially no other asset. We have also modeled a Joe who …