Colton Tousey

May 17, 2024 | kansascityfed.org | Jason Brown |Colton Tousey

Subscribe Share Download Article Total consumer debt continues to break records, raising concerns about financial stress and the overall outlook for consumer spending. The New York Fed recently reported that consumer debt reached $17.7 trillion in 2024:Q1. However, this number does not account for the role inflation may play in driving up consumer debt.

Mar 24, 2023 | kansascityfed.org | Jason Brown |Colton Tousey

by: Jason P. Brown and Colton Tousey Download Article Despite significant disruptions to the economy during the pandemic, household balance sheets remained surprisingly strong. Substantial government transfers and altered spending patterns led to excess savings peaking at $2.3 trillion in the third quarter of 2021 (Aladangady and others 2022). Although excess savings have since declined, updated estimates show that excess savings remained around $1.1 trillion through the end of 2022.

Feb 23, 2023 | kansascityfed.org | Jason Brown |Colton Tousey

by: Jason P. Brown and Colton Tousey Download Article As COVID-19 moves to an endemic state, employers have brought workers back to the office. Many workers prefer to continue working from home a portion of time, resulting in a gap between employee preferences for work from home and employer plans.