Household Financial Conditions
The increased number of bankruptcy filings in recent years is often attributed to rising levels of consumer indebtedness. Since 1990, average credit card balances per household (adjusted for inflation) have more than doubled. Delinquency rates for consumer loans rose markedly in the mid-1990s but have remained stable in recent years.
Suggested citation: "Household Financial Conditions," Federal Reserve Bank of Cleveland, Economic Trends, no. 00-05, pp. 16-17, 05.01.2000.