Anna Helhoski

I'm going to open the hood up here a bit on how we do things at NerdWallet. Now, I've been keeping an eye on search traffic, as in how many people are typing the same search into Google. And it looks like there's a real uptick in people asking, are we in a recession? So are we or are we headed for one?

I'm going to open the hood up here a bit on how we do things at NerdWallet. Now, I've been keeping an eye on search traffic, as in how many people are typing the same search into Google. And it looks like there's a real uptick in people asking, are we in a recession? So are we or are we headed for one?

All right. Elizabeth, is there anything specific that you're keeping an eye on in the coming months? Anything you're watching that others might be overlooking?

All right. Elizabeth, is there anything specific that you're keeping an eye on in the coming months? Anything you're watching that others might be overlooking?

All right. Elizabeth, is there anything specific that you're keeping an eye on in the coming months? Anything you're watching that others might be overlooking?

And finally, any advice for people on how to navigate all the uncertainty right now?

And finally, any advice for people on how to navigate all the uncertainty right now?

And finally, any advice for people on how to navigate all the uncertainty right now?

Thank you for your help as always, Elizabeth.

Thank you for your help as always, Elizabeth.

Thank you for your help as always, Elizabeth.

Hey, Sean. Hey, Elizabeth. And after I run down what's happening with debt payments right now, I'm hoping, Sean, that you can put on your CFP hat to dispense some wisdom.

Hey, Sean. Hey, Elizabeth. And after I run down what's happening with debt payments right now, I'm hoping, Sean, that you can put on your CFP hat to dispense some wisdom.

Hey, Sean. Hey, Elizabeth. And after I run down what's happening with debt payments right now, I'm hoping, Sean, that you can put on your CFP hat to dispense some wisdom.

As Elizabeth mentioned, it's a bit grim for debt holders right now. Keep in mind that there's always a lag when it comes to economic data, including consumer trends. With that said, the Federal Reserve Bank of New York's most recent household debt report shows that total household debt increased by $93 billion in the last quarter of 2024, to a total of $18.04 trillion.

As Elizabeth mentioned, it's a bit grim for debt holders right now. Keep in mind that there's always a lag when it comes to economic data, including consumer trends. With that said, the Federal Reserve Bank of New York's most recent household debt report shows that total household debt increased by $93 billion in the last quarter of 2024, to a total of $18.04 trillion.

As Elizabeth mentioned, it's a bit grim for debt holders right now. Keep in mind that there's always a lag when it comes to economic data, including consumer trends. With that said, the Federal Reserve Bank of New York's most recent household debt report shows that total household debt increased by $93 billion in the last quarter of 2024, to a total of $18.04 trillion.

It seems like borrowers are missing payments more often. Those with less disposable income or lower credit tend to be the borrowers who have more difficulty meeting payments. Delinquency payments tend to rise when people take on more debt than they can repay, when lenders loosen credit standards and extend credit to riskier borrowers, when inflation is high, and during economic downturns.

It seems like borrowers are missing payments more often. Those with less disposable income or lower credit tend to be the borrowers who have more difficulty meeting payments. Delinquency payments tend to rise when people take on more debt than they can repay, when lenders loosen credit standards and extend credit to riskier borrowers, when inflation is high, and during economic downturns.

It seems like borrowers are missing payments more often. Those with less disposable income or lower credit tend to be the borrowers who have more difficulty meeting payments. Delinquency payments tend to rise when people take on more debt than they can repay, when lenders loosen credit standards and extend credit to riskier borrowers, when inflation is high, and during economic downturns.