Board of Governors of the Federal Reserve System

Net worth = Assets - Liabilities

Index 2019Q4 = 100
Quarterly

Percent
Monthly

Percent change, Jan. 2018 = 0
Monthly

Index 2019Q4 = 100
Quarterly

Percent of disposable income
Quarterly

Percent of disposable income
Monthly

Percent of disposable income
Quarterly

This is a line chart. The x-axis ranges from the year 2014 to the year 2024 in one-year increments. The y-axis ranges from 10 to 70, and represents percent. The variables in the chart are quarterly in frequency, and there are three of them: share of individuals in the equifax consumer credit panel who are prime, nonprime, and subprime, represented by a thin dark orange line, a thick dark blue line, and a dotted black line, respectively. The chart shows that prior to 2020, the share of prime borrowers was gradually increasing from about 49 percent in 2014, and the shares of nonprime and subprime borrowers were gradually decreasing from about 27 and 24 percent, respectively. In 2020, the share of subprime borrowers started to fall at a more rapid pace, with near prime shares starting to increase, and prime shares increasing at a faster pace. At the end of 2024, the share of prime borrowers is about 58 percent, and the near prime and subprime shares stand at around 24 and 19 percent, respectively.

This is a line chart. The x-axis ranges from the year 2014 to the year 2024 in one-year increments. The y-axis ranges from 0 to 100, and represents percent. The variables in the chart are quarterly in frequency, and there are three of them: utilization rates of borrowers who are prime, nonprime, and subprime, represented by a thin dark orange line, a thick dark blue line, and a dotted black line, respectively. The chart shows that utilization rates have been historically stable by score bin from 2014 to 2024, with prime utilization between 10 and 20 percent, near prime between 50 and 60 percent, and subprime between 80 and 90 percent. After 2020, the utilization rates fell for all 3 groups but have rebounded. For subprime and near prime borrowers, utilization rates continued to rise and have surpassed their per-pandemic levels. Utilization rates for subprime and near prime borrowers are about 4-5 percentage points higher than they were pre-pandemic.

This is a line chart. The x-axis ranges from the year 2014 to the year 2024 in one-year increments. The y-axis ranges from -100 to 100, and is divided by a zero line in the center. Any value above 0 represents the net percent of banks tightening standards, and a value below 0 indicates the net percent of banks loosening standards. There is one variable in the chart and it is quarterly in fequency. The variable is represented by a solid black line. The series shows a steep increase in tightening in 2020, reaching a local maximum at almost 100 percent. This is then followed by a steep decline in 2021, reaching a local minimum in 2021 at nearly -75 percent. Late 2022 into 2023 shows the series return positive, peaking at about 60 percent in 2023 before starting to decline toward zero in 2024. The series ends slightly below zero.

Percent
Monthly

This is a line chart. The x-axis ranges from the year 2014 to the year 2024 in one-year increments. The y-axis ranges from 0 to 100, and represents percent. The variables in the chart are monthly in frequency, and there are three of them: percent of outstanding mortgages with interest rates below 4 percent, below 5 percent, and below 6 percent, represented by a blue line, a dotted red line, and a thick black line, respectively. Prior to 2020, the graph shows more than 80 percent of mortgages were below 6 percent and less than 40 percent were below 4 percent.  After 2020, the distribution notably shifts, especially for below 5 percent and below 4 percent. The below 6% line rises from about 93 percent to about 95 percent, from mid-2020 to mid-2022, while below 5 percent rises from about 85 percent to about 90 percent, and below 4 percent rises from about 50 percent to about 70 percent over the same period. All three series start to decline slightly since their peaks in 2022, with the 2024 year-end values showing around 60 percent of outstanding mortgages below 4 percent, 75 percent of outstanding mortgages below 5 percent, and 85 percent of mortgages below 6 percent.