topic Re: Interesting interactive Credit Card Default Map in General Credit Topics

Interesting interactive Credit Card Default Map

pipeguy — Wed, 08 Aug 2012 02:11:52 GMT

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/

Re: Interesting interactive Credit Card Default Map

MarineVietVet — Wed, 08 Aug 2012 05:29:09 GMT

Both links are dead. At least for me.

Re: Interesting interactive Credit Card Default Map

awal — Wed, 08 Aug 2012 14:55:29 GMT

@MarineVietVet wrote:
Both links are dead. At least for me.

Seems to be working now.

Re: Interesting interactive Credit Card Default Map

crunching_numbers — Wed, 08 Aug 2012 15:34:46 GMT

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)

Re: Interesting interactive Credit Card Default Map

MarineVietVet — Wed, 08 Aug 2012 16:29:19 GMT

Finally connected.

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

Re: Interesting interactive Credit Card Default Map

cahiatt — Wed, 08 Aug 2012 23:24:30 GMT

@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)

Like most of South Florida? Yikes....

Re: Interesting interactive Credit Card Default Map

jamesdwi — Thu, 09 Aug 2012 14:29:04 GMT

@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)

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.