How Have Households Deleveraged Since the Great Recession?

dialogue with the fedThe debt held by U.S. households rose across most forms of borrowing and most age groups in the years leading up to the Great Recession. What has happened to debt levels in the years since? Not all forms of debt have gone in the same direction.

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Five Simple Questions That Reveal Your Financial Health

financial healthA few questions can reveal a lot about someone’s financial health. The St. Louis Fed’s Center for Household Financial Stability released its financial health scorecard, comprised of five questions that can help indicate the likelihood of financial success.

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How Has the Bankruptcy Act Affected Bankruptcy Filings?

bankruptcyIn 2005, the Bankruptcy Abuse Prevention and Consumer Protection Act made bankruptcy filing more costly and more limited to low-income households. How has the act affected the number of Chapter 7 and Chapter 13 bankruptcy filings in the U.S.?

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The State of Low- and Moderate-Income Communities

community development outlook surveyAccording to a survey covering Eighth Federal Reserve District states, generational poverty is the issue having the greatest negative impact on low- and moderate-income people in metropolitan areas, while job availability is the No. 1 issue in rural areas.

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Serious Mortgage Delinquencies Fell during Third Quarter

serious delinquenciesAccording to the latest issue of Housing Market Conditions, the share of seriously delinquent mortgages in the U.S. dropped during the third quarter of 2014.

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