[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-324665-105":59,"doc-detail-324665-en":122},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":115,"head_meta":117,"extra_data":119,"updated_unix":121},105,"en","consumers-financial-position-monthly-update","CONSUMERS' FINANCIAL POSITION - Monthly Update","","Analysis of consumer credit dynamics during the October 1982 decline in installment credit outstanding and its implications for recession recovery. The document evaluates three aspects: whether installment credit growth follows familiar cyclical patterns, whether consumers' overall financial condition matches past ranges, and whether measures of financial stress align with prior experience. It reports debt burden indicators at multi-decade lows, details changes in installment and revolving credit, and summarizes leading indicators, employment, income, spending, and credit market composition.",{"@graph":69,"@context":114},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/consumers-financial-position-monthly-update/324665/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/consumers-financial-position-monthly-update/324665.png","ImageObject",300,407,{"name":92,"@type":93},"Liam","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-27","2026-09-21",true,{"@type":102,"interactionType":103,"userInteractionCount":39},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108],{"name":109,"@type":110,"acceptedAnswer":111},"What were the key movements in consumer installment credit in October 1982?","Question",{"text":112,"@type":113},"On a seasonally adjusted basis, consumer installment credit contracted by $324 million, with the largest decline in the 'other' category and smaller decreases in automobile and mobile home credit, while revolving credit increased.","Answer","https://schema.org",{"og:url":83,"og:type":116,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":118,"canonical":83},"index,follow",{"doc_id":120,"site_id":62},324665,1790526352,{"code":4,"msg":5,"data":123},{"doc_id":120,"user_id":124,"nickname":92,"user_avatar":125,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":126,"file_id":127,"file_url":128,"file_type":129,"file_size":130,"view_count":39,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":34,"language":131,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":132,"faqs":133,"seo_title":134,"seo_description":67,"update_tm":135,"read_time":136,"preview_page_count":4},8796095461564,"https://ap-avatar.wpscdn.com/davatar_155a257f0dc6eb9ab79c44ca47cae57d","at ional Consumer Finance Association Chart.Source:Administrative Office of the United States Courts,Bureau of the Census.  \nThe October decline in consumer in-stallment credit outstanding reportedthis week by the Federal Reserve Board(see page.2)raises the inevitablequestion whether consumers'creditbehavior in this business cycle isdifferent from behavior witnessed inprevious cycles.  Typically,observersof consumer credit markets divide thisquestion into three parts:1)whetherinstallment credit growth follows famil-iar cyclical patterns,2)whetherchanges in the consumer sector's overallfinancial condition fall within pre-vious1y experienced ranges,and 3)whether specific measures of individ-uals'financial stress,such as numbersof account delinquencies and bankrupt-cies,are consistent with prior expe-rience.  \nTaking these questions in order,asharp decline in the growth of consumerinstallment credit outstanding is afamiliar pattern for the last months ofa recession.  In fact,in three of the  \nDECEMBER 1982  \nNumber of Bankruptcy Filings Per One Thousand Households,Total U.S.,1967-1982  \nlast four recessions(1960-1,1973-5,and 1980)consumer credit growth brieflyturned negative,even in nominal dollarterms,as it did in October,1982.Interestingly,in all four of the mostrecent recessions the low point inconsumer credit growth occurred right ator slightly after the trough in aggre-gate economic activity.  Thus,negativeconsumer credit growth is not only afamiliar pattern;it is another signthat the recession is bottoming out.  \nSecond,as has been discussed exten-sively in Finance Facts this year(seeJanuary through April issues and updatesof January and April charts on page 2 ofthis issue),the consumer sector's shortterm financial picture has followed afamiliar pattern in this cycle.  Mea-sures of debt burden,either consumerinstallment credit outstanding in rela-tion to liquid assets or installmentdebt repayments in relation to dispos-able personal income,tend to peakbefore or near the start of a recession  \n(text continued on last page)  \nRatio of Consumer InstallmentCredit Outstanding to ConsumerSector's Liquid Assets  \n# Ratio of Repayments of Consumer Instal1mentCredit to Disposable Personal Income\n\n| Number of Loans Delinquent as a Percent of  \u003Cbr>Total Number of Loans Outstanding,Year-end   |\n| --- |\n\nData sof 20  \nt ial le fisance ela Dart.Source:CA,ut ional Credta  inistration, Asoe iatten,  \n# CONSUMERS'FINANCIAL POSITION\n\nPersonal saving as a percent of disposablepersonal income was 7%in the third quarter,up from  \n6.5%a year earlier.Commonly employed measures ofconsumers'\"debt burden\"remain at particularly lowlevels.  Installment credit outstanding was justover 17%of consumers'liquid assets in the secondquarter and repayments relative to disposable incomefell below 15%in the third quarter,the most recentquarterly measures available.   Both installmentcredit debt burden measures are at their lowestlevels in twenty years.  \nCONSUMER INSTALLMENT CREDIT  \nIn October,consumer installment credit out-standing amounted to $335.0 billion before seasonaladjustment.A year earlier,this figure was $328.7billion.  On a seasonally adjusted basis,consumerinstallment credit contracted by $324 million inOctober 1982,the first monthly decline sinceDecember 1981.The largest decline occurred in the\"other\"category(personal loans,home improvementand other consumer goods credit falling $350 mil-lion),followed by automobile credit(down $78million)and mobile home credit(down $4 million)。Revolving credit_increased a seasonally adjusted$108 million.   Total consumer installment creditoutstanding declined at a 1.2%annual rate in Octo-ber compared with a 4%increase in September and a2%increase for the third quarter.Finance compan-ies showed the largest decline,down $393 millionseasonally adjusted,and savings and loans thelargest increase,$328 million,seasonally adjusted,in October.  \nLEADING INDICATORS  \nThe composite index of leading indicators in-creased 0","cbCaiei6xcZ8UBbd","https://ap.wps.com/l/cbCaiei6xcZ8UBbd","pdf",1165292,"English","# CONSUMERS' FINANCIAL POSITION\n## Consumer Installment Credit\n## Leading Indicators\n## Employment, Income, and Spending\n## Data Notes and Revisions","[{\"question\":\"What were the key movements in consumer installment credit in October 1982?\",\"answer\":\"On a seasonally adjusted basis, consumer installment credit contracted by $324 million, with the largest decline in the 'other' category and smaller decreases in automobile and mobile home credit, while revolving credit increased.\"}]","CONSUMERS' FINANCIAL POSITION - Monthly Update | PDF",1789968549,18]