Consumers in Debt

In the 12 months prior to March 2011, 9 percent of American adults have been late making a credit card payment. This is compared to 12 percent in the same 12 months in 2010 and 15 percent in the same 12 months in 2009.
(Source: National Foundation for Credit Counseling, 2011 Financial Literacy Survey, March 2011)

More than 1 in 4 American adults (28 percent) admit to not paying their bills on time and 7 percent have debts in collection. This compared to 26 percent of Americans, or more than 58 million adults, who admitted to not paying their bills on time in 2009.
(Source: National Foundation for Credit Counseling, 2011 Financial Literacy Survey, March 2011

Total Debt Balance and its Composition (in Trillions)

Year & Quarter	Mortgage	HE Revolving	Auto Loan	Credit Card	Student Loan	Other	Total
99:Q1	3.20	0.08	0.35	0.48		0.43	4.54
99:Q2	3.31	0.08	0.35	0.48		0.41	4.63
99:Q3	3.46	0.09	0.38	0.50		0.39	4.82
99:Q4	3.37	0.10	0.39	0.50		0.40	4.76
00:Q1	3.62	0.10	0.41	0.52		0.41	5.06
00:Q2	3.71	0.11	0.44	0.54		0.45	5.25
00:Q3	3.82	0.10	0.46	0.53		0.43	5.34
00:Q4	3.90	0.12	0.47	0.58		0.44	5.51
01:Q1	4.08	0.12	0.51	0.60		0.45	5.76
01:Q2	3.84	0.13	0.51	0.61		0.44	5.53
01:Q3	4.17	0.14	0.52	0.63		0.43	5.89
01:Q4	4.15	0.16	0.55	0.64		0.43	5.93
02:Q1	4.45	0.17	0.58	0.63		0.43	6.26
02:Q2	4.43	0.18	0.58	0.66		0.45	6.30
02:Q3	4.74	0.20	0.61	0.68		0.46	6.69
02:Q4	4.66	0.22	0.63	0.69		0.46	6.66
03:Q1	4.94	0.24	0.64	0.69		0.48	6.99
03:Q2	5.08	0.26	0.62	0.69		0.49	7.14
03:Q3	5.18	0.27	0.68	0.69		0.48	7.30
03:Q4	5.66	0.30	0.70	0.70		0.45	7.81
04:Q1	5.84	0.33	0.72	0.70		0.45	8.04
04:Q2	5.97	0.37	0.74	0.70		0.42	8.20
04:Q3	6.21	0.43	0.75	0.71		0.41	8.51
04:Q4	6.36	0.47	0.73	0.72		0.42	8.70
05:Q1	6.51	0.50	0.72	0.71		0.39	8.83
05:Q2	6.70	0.53	0.77	0.72		0.40	9.12
05:Q3	6.91	0.54	0.83	0.73		0.41	9.42
05:Q4	7.10	0.56	0.79	0.74		0.42	9.61
06:Q1	7.44	0.58	0.79	0.72		0.42	9.95
06:Q2	7.76	0.59	0.80	0.74		0.42	10.31
06:Q3	8.04	0.60	0.82	0.75		0.44	10.65
06:Q4	8.23	0.60	0.82	0.77		0.41	10.83
07:Q1	8.42	0.60	0.79	0.76		0.40	10.97
07:Q2	8.71	0.62	0.81	0.80		0.41	11.35
07:Q3	8.93	0.63	0.82	0.82		0.41	11.61
07:Q4	9.10	0.65	0.82	0.84		0.42	11.83
08:Q1	9.23	0.66	0.81	0.84		0.42	11.96
08:Q2	9.27	0.68	0.81	0.85		0.40	12.01
08:Q3	9.29	0.69	0.81	0.86		0.41	12.06
08:Q4	9.26	0.70	0.79	0.87		0.41	12.03
09:Q1	9.14	0.71	0.77	0.84		0.41	11.87
09:Q2	9.06	0.71	0.74	0.82		0.39	11.72
09:Q3	8.94	0.71	0.74	0.81		0.38	11.58
09:Q4	8.84	0.71	0.72	0.80		0.38	11.45
10:Q1	8.83	0.70	0.70	0.76		0.36	11.35
10:Q2	8.70	0.68	0.70	0.74		0.35	11.17
10:Q3	8.61	0.67	0.71	0.73		0.34	11.06
10:Q4	8.45	0.67	0.71	0.73		0.34	10.90
11:Q1	8.54	0.64	0.71	0.70		0.33	10.92
11:Q2	8.516	0.625	0.713	0.694	0.845	0.330	11.723
11:Q3	8.402	0.639	0.730	0.693	0.865	0.327	11.656
11:Q4	8.268	0.627	0.734	0.704	0.867	0.330	11.530

(Source: FRBNY Consumer Credit Panel/Equifax)

Number of Consumers With New Forclosures

and Bankruptcies (in Thousands)

Year & Quarter	Foreclosure	Bankruptcy
99:Q3	136.54	442.28
99:Q4	124.40	448.52
00:Q1	170.48	428.66
00:Q2	127.84	533.50
00:Q3	138.10	452.16
00:Q4	159.44	471.44
01:Q1	166.26	465.22
01:Q2	159.12	659.46
01:Q3	167.96	524.38
01:Q4	167.40	564.70
02:Q1	271.76	778.84
02:Q2	172.50	568.54
02:Q3	187.18	550.10
02:Q4	188.18	551.76
03:Q1	203.32	612.26
03:Q2	169.90	628.66
03:Q3	178.16	542.44
03:Q4	193.24	516.02
04:Q1	186.06	534.90
04:Q2	171.44	579.32
04:Q3	168.80	530.52
04:Q4	184.14	572.92
05:Q1	171.52	462.08
05:Q2	148.78	662.50
05:Q3	157.90	667.92
05:Q4	166.72	948.62
06:Q1	172.86	213.86
06:Q2	179.42	250.96
06:Q3	189.26	271.28
06:Q4	220.20	276.16
07:Q1	267.66	258.84
07:Q2	243.90	290.56
07:Q3	325.44	318.42
07:Q4	348.52	352.32
08:Q1	429.80	326.86
08:Q2	455.44	385.46
08:Q3	446.58	404.08
08:Q4	424.04	431.76
09:Q1	517.38	413.90
09:Q2	566.18	524.08
09:Q3	488.58	517.56
09:Q4	465.80	486.86
10:Q1	456.50	463.18
10:Q2	483.76	621.42
10:Q3	457.32	521.52
10:Q4	447.06	500.12
11:Q1	368.06	433.60
11:Q2	284.22	473.36
11:Q3	264.34	423.34
11:Q4	289.38	425.40

(Source: FRBNY Consumer Credit Panel/Equifax)

Total Debt Per Capita* by State (in Thousands)

(In the table below is the total debt per capita for the states of Arizona, California,

Florida, Illinois, Michigan, & New Jersey. In the following table is the debt per

for Nevada, New York, Ohio, Pennsylvania, Texas, and National)

Year & Quarter	AZ	CA	FL	IL	MI	NJ
99:Q1	23.35	31.76	20.11	21.81	19.77	26.39
99:Q2	23.71	33.41	20.22	21.48	19.03	26.51
99:Q3	24.34	33.83	20.58	23.17	21.23	27.28
99:Q4	23.37	33.81	20.26	23.17	21.42	27.04
00:Q1	25.79	34.88	21.78	25.25	22.66	27.94
00:Q2	26.62	36.11	22.50	25.37	23.46	28.43
00:Q3	27.62	36.89	22.55	25.99	24.01	28.53
00:Q4	26.76	36.18	22.47	25.58	23.97	27.77
01:Q1	28.61	37.96	23.60	26.45	24.48	29.23
01:Q2	26.06	36.04	22.20	25.30	24.02	27.83
01:Q3	27.96	37.15	23.35	27.04	25.09	29.91
01:Q4	27.35	36.73	23.77	26.83	24.67	29.07
02:Q1	29.08	38.31	23.99	28.46	26.27	30.90
02:Q2	28.93	36.95	24.38	28.09	27.42	32.48
02:Q3	30.62	40.93	25.89	30.11	28.50	33.72
02:Q4	30.04	40.45	26.24	29.26	28.47	33.01
03:Q1	31.67	43.06	27.59	31.75	29.96	35.20
03:Q2	32.67	43.99	28.11	32.62	30.31	35.40
03:Q3	32.90	45.25	29.09	32.91	31.05	36.32
03:Q4	35.79	48.80	30.73	35.54	32.63	39.24
04:Q1	36.29	50.91	31.66	36.21	33.61	40.91
04:Q2	37.56	52.21	32.83	36.74	34.49	42.15
04:Q3	39.59	55.67	34.38	38.05	35.58	44.15
04:Q4	40.24	57.10	35.18	38.94	36.19	44.94
05:Q1	40.69	59.03	35.56	39.44	36.09	45.33
05:Q2	42.78	61.49	36.60	40.36	36.70	46.83
05:Q3	43.79	63.58	38.85	43.00	36.99	47.81
05:Q4	45.78	65.88	39.46	42.14	37.17	49.34
06:Q1	48.66	69.77	41.40	43.43	37.97	51.62
06:Q2	51.98	72.74	43.75	45.00	38.52	52.76
06:Q3	54.48	76.12	46.05	46.35	39.03	54.55
06:Q4	55.68	77.47	48.29	46.26	39.23	55.59
07:Q1	57.56	79.25	49.36	46.49	39.12	55.75
07:Q2	59.73	80.83	51.40	47.04	39.61	58.19
07:Q3	61.97	82.68	53.35	48.36	39.51	58.23
07:Q4	63.58	86.02	54.63	50.75	40.08	60.70
08:Q1	64.76	87.69	56.41	51.57	40.52	62.09
08:Q2	65.70	87.38	56.16	52.91	40.96	63.19
08:Q3	63.94	87.33	56.60	53.36	40.47	64.10
08:Q4	63.23	86.03	55.99	52.93	40.82	64.03
09:Q1	62.82	85.31	55.36	51.67	40.21	63.60
09:Q2	60.93	84.64	54.74	51.20	39.82	61.56
09:Q3	57.97	82.36	53.20	50.61	39.14	61.68
09:Q4	58.79	80.65	51.61	49.55	37.97	61.78
10:Q1	56.02	79.37	51.67	49.33	37.94	62.70
10:Q2	54.40	77.53	49.74	48.66	37.00	61.39
10:Q3	52.86	76.03	48.46	47.68	36.34	62.05
10:Q4	51.50	73.88	47.17	46.59	35.61	60.79
11:Q1	51.51	74.37	46.91	46.83	35.54	61.89
11:Q2	51.52	74.24	47.53	48.58	37.19	61.81
11:Q3	50.88	72.99	47.3	48.36	36.74	63.2
11:Q4	49.52	71.6	46.7	47.86	36.78	62.67

*Based on the population with a credit report
(Source: FRBNY Consumer Credit Panel/Equifax)

Total Debt Per Capita* by State Cont’d (in Thousands)

Year & Quarter	NV	NY	OH	PA	TX	ALL
99:Q1	25.73	19.86	17.99	17.59	18.01	21.47
99:Q2	27.12	20.13	18.27	18.51	18.72	22.00
99:Q3	28.31	21.04	18.50	18.43	19.25	22.79
99:Q4	25.64	21.12	19.32	18.92	18.94	22.77
00:Q1	27.43	22.09	20.97	19.82	19.77	23.98
00:Q2	28.57	22.58	21.78	20.22	20.56	24.60
00:Q3	29.03	22.85	22.05	20.29	20.15	24.94
00:Q4	29.62	22.63	22.10	20.08	20.50	24.87
01:Q1	30.88	23.66	21.78	20.49	21.60	25.77
01:Q2	29.08	21.52	22.10	19.89	20.32	24.49
01:Q3	30.92	23.83	23.04	21.01	21.43	25.96
01:Q4	31.50	23.54	23.14	20.57	21.23	25.72
02:Q1	32.45	24.63	24.26	21.94	21.75	26.95
02:Q2	34.98	25.17	24.40	21.51	21.90	27.08
02:Q3	35.11	26.26	26.28	22.80	23.60	28.69
02:Q4	36.73	26.30	25.73	22.90	23.02	28.42
03:Q1	37.64	27.65	27.49	23.91	24.22	30.17
03:Q2	38.01	28.08	28.54	24.04	24.41	30.71
03:Q3	38.19	28.99	28.85	24.59	25.17	31.33
03:Q4	42.12	31.00	30.24	26.20	26.03	33.40
04:Q1	43.08	31.77	30.57	26.98	26.50	34.27
04:Q2	44.24	32.14	30.59	28.02	26.41	35.04
04:Q3	46.07	33.12	30.65	28.40	26.89	36.35
04:Q4	50.24	34.17	30.89	29.19	27.38	37.30
05:Q1	51.76	34.73	31.02	29.37	27.35	37.74
05:Q2	52.44	35.93	31.88	30.36	28.18	38.83
05:Q3	54.84	37.48	32.10	30.47	28.87	40.00
05:Q4	57.56	37.41	31.78	31.16	28.98	40.66
06:Q1	61.55	39.30	32.16	31.82	28.88	41.90
06:Q2	66.73	40.05	32.68	32.52	29.95	43.45
06:Q3	70.93	41.36	33.35	33.08	30.78	45.02
06:Q4	72.13	42.79	33.59	33.63	30.89	45.83
07:Q1	73.82	43.75	33.98	34.00	31.75	46.23
07:Q2	78.57	45.07	34.65	35.17	32.31	47.60
07:Q3	81.30	46.38	34.21	35.48	32.76	48.72
07:Q4	82.63	48.36	35.17	37.81	34.11	50.22
08:Q1	87.52	49.10	36.18	38.33	35.49	51.49
08:Q2	87.93	50.04	36.72	39.35	36.42	52.33
08:Q3	85.88	50.37	36.70	39.73	36.53	52.30
08:Q4	85.26	49.93	36.66	40.00	36.57	52.19
09:Q1	89.02	50.45	35.93	39.58	36.18	51.55
09:Q2	80.44	50.21	36.06	38.99	36.09	51.15
09:Q3	80.53	49.60	35.71	39.30	35.85	50.54
09:Q4	76.29	49.29	35.49	38.97	35.81	49.83
10:Q1	75.25	49.48	35.22	38.74	35.48	49.51
10:Q2	72.53	49.42	34.92	38.17	35.34	48.82
10:Q3	67.88	48.92	34.56	38.37	35.15	48.29
10:Q4	64.75	48.35	34.05	38.10	34.60	47.39
11:Q1	63.98	47.64	33.94	37.89	34.60	47.42
11:Q2	61.02	49.53	35.6	39.19	35.56	48.47
11:Q3	59.05	49.7	35.55	38.93	35.71	48.26
11:Q4	56.93	49.56	35.33	39.23	35.45	47.80

*Based on the population with a credit report
(Source: FRBNY Consumer Credit Panel/Equifax)