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March 20 | Video Livestream

Consumer Debt and Financial Insecurity

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Last year, total non-mortgage consumer debt rose to record-breaking levels. This alarming trend raises important questions about the impact on indebted households, such as: Are consumers borrowing more because they are becoming more creditworthy or simply to maintain consumption? How does the changing composition of consumer debt impact families’ ability to manage their finances and achieve long-term goals? What is the role of non-loan debt, including bills in collections and public fines and fees? Who is not benefiting from increased borrowing, and why?

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EPIC
INCOME VOLATILITY|CONSUMER DEBT

Income volatility is not a discrete, boutique problem. It's a new normal for American households.

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