Economics

Economic Update - September 2017

Watch this month’s Economic Video Update with Robert Spendlove, Economic and Public Policy Officer for Zions Bank.

Robert Spendlove and Joseph Mayans Sep 15, 2017

According the Federal Reserve Bank of New York, American households have accumulated a record-breaking $12.84 trillion of debt. While this is astonishing in itself, what is perhaps more interesting is how the nature of this debt has changed since the Great Recession. Before the 2008 financial crisis, households were primarily borrowing to finance the purchase of their homes, and while that is still the case, there has been a large shift towards non-housing debt, such as auto and student loans. The growth in auto and student loan debt has important implications for households and policy makers, especially as the delinquency rates for both continue to rise.

Watch this month’s Economic Video Update with Robert Spendlove, Economic and Public Policy Officer for Zions Bank, to get his insight into these trends and what he sees going forward.

Not all content on this page originates from Zions Bank. Links on this page may redirect you to other websites with different levels of privacy and security from Zions Bank. Zions Bank does not endorse or guarantee the privacy, security, accuracy, or performance of those sites, or the information, products, or services expressed or offered on those sites.

Content is offered for informational purposes only and should not be construed as tax, legal, financial or business advice. Please contact a professional about your specific needs and advice. Content may contain trademarks or trade names owned by parties who are not affiliated with Zions Bancorporation, N.A. Use of such marks does not imply any sponsorship by or affiliation with third parties, and Zions Bancorporation, N.A. does not claim any ownership of or make representations about products and services offered under or associated with such marks.

Share This Article With Your Community