Unknown maureenegan

The author is likely a member of the Research and Statistics Group at the Federal Reserve Bank of New York. They have contributed significantly to Liberty Street Economics, providing valuable insights into topics such as bank supervision, monetary policy, and financial stability. The author has also worked closely with other economists in the Research Group to produce research papers on various aspects of banking and finance. In their work, they draw on their expertise in economics and financial markets to provide clear explanations of complex topics for a general audience.

Biography:  https://libertystreeteconomics.newyorkfed.org/federal-reserve/

100%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermines the credibility of the source. It is calculated as:
Analysis.OverallConflictOfInterestScore * 0.3F + Analysis.OverallBiasScore * 0.3F + Analysis.DeceptivenessScore * 0.3F + Analysis.ReadabilityScore * 0.1F

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

The Daily's Verdict

This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.

Bias

100%

Examples:

  • The author appears to have a strong focus on financial stability and monetary policy, presenting information in an accessible way for a general audience.

Conflicts of Interest

100%

Examples:

  • There are no conflicts of interest found in the provided article.

Contradictions

100%

Examples:

  • There are no contradictions found in the provided article.

Deceptions

100%

Examples:

  • There are no deceptive practices found in the provided article.

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Record Household Debt Reaches $17.69 Trillion in Q1 2024: Mortgage Balances Surge, Credit Card Delinquencies Rise

Record Household Debt Reaches $17.69 Trillion in Q1 2024: Mortgage Balances Surge, Credit Card Delinquencies Rise

Broke On: Tuesday, 14 May 2024 Total household debt hit a new record of $17.69 trillion in Q1 2024, with mortgage balances increasing by $190 billion and credit card balances decreasing slightly. Housing debt and auto loans saw growth, while other non-housing debts declined. Delinquencies for all debt outside student loans have risen to their highest level since 2012, with Generation Z borrowers and those in low-income neighborhoods being most affected.