General Credit Topics

[pipeguy]

Very interesting....

In its Quarterly Report on Household Debt and Credit for the fourth quarter of 2011, the Federal Reserve Bank of New York drilled down on consumer indebtedness by county and by asset class.

Click on the image below to launch an interactive map of the FRBNY results. The darker the red color, the higher percentage of credit card delinquencies. Areas in gray did not have populations large enough to qualify for the study.

http://www.insidearm.com/media/debt-choropleth/

[MarineVietVet]

Both links are dead. At least for me.

[awal]

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MarineVietVet wrote:

Both links are dead. At least for me.

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Seems to be working now.

[crunching_numbers]

Wow. Up to 50% in some aresa. Staggering.  

Interesting how the concentration seems proportional to the areas with a higher concentration of elderly residents and immigrant populations. (read fixed incomes) 

[MarineVietVet]

Finally connected.

I'm sure it wasn't operator error!?

[cahiatt]

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crunching_numbers wrote:

Wow. Up to 50% in some aresa. Staggering.  

Interesting how the concentration seems proportional to the areas with a higher concentration of elderly residents and immigrant populations. (read fixed incomes) 

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Like most of South Florida? Yikes....

[jamesdwi]

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crunching_numbers wrote:

Wow. Up to 50% in some aresa. Staggering.  

Interesting how the concentration seems proportional to the areas with a higher concentration of elderly residents and immigrant populations. (read fixed incomes) 

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I doubt its related to fixed income, since after a while most seniors come to grasp of what there budget is and learn how to live with in them. well there is my mother-in-law but don't get me started on her,  70 yrs old and still doesn't understand a budget.  I would assume its mostly related to low incomes and youth that want everything and the poor economy  that brought the reality that everything comes with a price tag and interest if you put it on a credit card or loan.