Row 41394

Row ID: 41394 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 41394 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

While credit payment is at nominal record value, mortgage payment is still at historical low, despite high interest rates, and mortgage debt is a much bigger part of household debt than credit card debt.

What it means is a lot of people are quite comfortable in the houses they bought during the low interest rate period, some may feel ok to spend more on credit cards. Another reason is everything just has bigger number now. US nominal GDP is 30% higher than 2019, while credit card debt is 25% higher.

To sum up: the real story is mortgage payment is still quite low historically. https://fred.stlouisfed.org/series/MDSP

FieldValue
text While credit payment is at nominal record value, mortgage payment is still at historical low, despite high interest rates, and mortgage debt is a much bigger part of household debt than credit card debt. What it means is a lot of people are quite comfortable in the houses they bought during the low interest rate period, some may feel ok to spend more on credit cards. Another reason is everything just has bigger number now. US nominal GDP is 30% higher than 2019, while credit card debt is 25% hi…
label r/economics
dataType comment
communityName r/Economics
datetime 2024-05-22
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Raw Record

{
  "text": "While credit payment is at nominal record value, mortgage payment is still at historical low, despite high interest rates, and mortgage debt is a much bigger part of household debt than credit card debt.\n\nWhat it means is a lot of people are quite comfortable in the houses they bought during the low interest rate period, some may feel ok to spend more on credit cards. Another reason is everything just has bigger number now. US nominal GDP is 30% higher than 2019, while credit card debt is 25% higher.\n\nTo sum up: the real story is mortgage payment is still quite low historically.\nhttps://fred.stlouisfed.org/series/MDSP",
  "label": "r/economics",
  "dataType": "comment",
  "communityName": "r/Economics",
  "datetime": "2024-05-22",
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}
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