US HOUSEHOLD PULSE
THE UNITED STATES ECONOMY,
FROM THE HOUSEHOLD INWARD
LATEST OFFICIAL DATA
SAVING 2.7%•CPI 3.4%•UNEMPLOYMENT 4.4%•30Y MORTGAGE 6.65%•DEBT SERVICE 11.16%•HOUSEHOLD PRESSURE 41.7• SAVING 2.7%•CPI 3.4%•UNEMPLOYMENT 4.4%•30Y MORTGAGE 6.65%•DEBT SERVICE 11.16%•HOUSEHOLD PRESSURE 41.7•
THE UNITED STATES ECONOMY · FROM THE HOUSEHOLD INWARD

Where does theAmerican household dollar go?

Income comes in. Most is spent. What remains becomes the household’s financial room.

ESTIMATED U.S. PERSONAL OUTLAYS TODAY
$0
— / SECONDDERIVED FROM LATEST OFFICIAL ANNUAL DATA
AFTER-TAX
 INCOME$1.00
→
PERSONAL
 OUTLAYS97.3¢
→
PERSONAL
 SAVING2.7¢
2019 AVG 7.3¢ → LATEST 2.7¢
HOUSEHOLD DEBT OUTSTANDING

What households are carrying.

Outstanding balances, not today's spending. Official observations retain their own source dates.

TOTAL HOUSEHOLD DEBT——
MORTGAGE DEBT——
REVOLVING / CREDIT——
AUTO LOANS——
STUDENT LOANS——
DEBT SERVICE——
◎PUBLIC DATAOfficial sources
◯NO USER INPUTNational indicator
□SOURCE-DATEDLatest observation shown
OUR INTERPRETATION
HOUSEHOLD PRESSURE—/100CALCULATINGCurrent official conditions
LOWBALANCEDHIGH
WHAT’S DRIVING HOUSEHOLD PRESSURE
THE AUDITED HOUSEHOLD DOLLAR

One dollar.
Two destinations.

No double counting. Disposable personal income is already after personal current taxes; the remainder divides into personal outlays and personal saving.

SEE DETAILS & SOURCES  →
AFTER-TAX
PERSONAL INCOME $1.00
→
PERSONAL OUTLAYS —¢consumption + interest + current transfers
PERSONAL SAVING —¢official personal saving rate
SPENDING COMPOSITION IS A SEPARATE VIEW.Housing, food, transportation and healthcare can explain consumer spending composition, but are not deducted again from this same $1.
THE AMERICAN BALANCE SHEET

What households own.
What households owe.

Aggregate household and nonprofit net worth compared with debt securities and loans. The ratio adds scale to the household debt number.

HOUSEHOLD NET WORTH——
NET WORTH / DEBT—derived from official totals
HOUSEHOLD DEBT——
FINANCIAL CONDITIONS

How easy is money?

The Chicago Fed NFCI summarizes conditions across money, debt, equity and banking markets. Negative readings are looser than average; positive readings are tighter.

——
LOOSERAVERAGETIGHTER
—
HOUSEHOLD WEALTH & DEBT HISTORY · 1945–CURRENT

Wealth and debt across a generation.

Federal Reserve Z.1 annual end-of-period history. Current endpoint is synchronized with the household balance-sheet reading.

HOUSEHOLD NET WORTH + DEBT · $ TRILLIONSFEDERAL RESERVE Z.1 · ANNUAL END-OF-PERIOD
Federal Reserve Financial Accounts. Presidential terms are a time reference only; household balance sheets reflect markets, housing, credit, policy, demographics and many other forces.
HOUSEHOLD CASH FLOW · ANNUAL SCALE

Income. Outlays. What remains.

LATEST OFFICIAL ANNUALIZED OBSERVATIONS

DISPOSABLE PERSONAL INCOME——
PERSONAL OUTLAYS——
PERSONAL SAVING—Derived from income − outlays

Annualized national totals. The live counter at the top translates personal outlays into a derived current-day pace.

THE AMERICAN HOUSEHOLD · AT SCALE

The denominator behind the household story.

National totals become easier to understand when translated into the people and households behind them.

U.S. POPULATION—Latest official estimate
U.S. HOUSEHOLDS—Latest Census estimate
PEOPLE / HOUSEHOLD—Population ÷ households
UNITED STATES ECONOMIC DATA

U.S. debt, household finances and the cost of money — in one view.

US Household Pulse combines official public data into two complementary views. The Household view follows personal saving, inflation pressure, employment, housing finance, consumer credit and household balance-sheet conditions. The Fiscal Clock follows the national debt, federal deficit, receipts, outlays, interest expense and Treasury yields.

The debt clock starts from the latest official Treasury observation and animates only during the current session. Derived population and household measures are labeled separately from observed government data, with source dates retained.