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The U.S. Economy: Current Events, Challenges, and ...10.5% 10.0% 2014 2008 2010 2012 Debt service...

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The U.S. Economy: Current Events, Challenges, and Opportunities White House Economic Development Forum August 5, 2014 Mark Doms Under Secretary for Economic Affairs
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Page 1: The U.S. Economy: Current Events, Challenges, and ...10.5% 10.0% 2014 2008 2010 2012 Debt service share of income (Percent of disposable income) Liabilities-to-income ratio (Years

The U.S. Economy: Current Events, Challenges, and Opportunities

White House Economic Development Forum

August 5, 2014

Mark Doms Under Secretary for

Economic Affairs

Page 2: The U.S. Economy: Current Events, Challenges, and ...10.5% 10.0% 2014 2008 2010 2012 Debt service share of income (Percent of disposable income) Liabilities-to-income ratio (Years

Economic look ahead

Page 3: The U.S. Economy: Current Events, Challenges, and ...10.5% 10.0% 2014 2008 2010 2012 Debt service share of income (Percent of disposable income) Liabilities-to-income ratio (Years

Economic look ahead

Page 4: The U.S. Economy: Current Events, Challenges, and ...10.5% 10.0% 2014 2008 2010 2012 Debt service share of income (Percent of disposable income) Liabilities-to-income ratio (Years

Economic look ahead

0

20

40

60

80

100

120

2007 2008 2009 2010 2011 2012 2013 2014

Source: The Conference Board, University of MichiganNote: Shading indicates recession.

Upbeat consumer attitudes have steadily risen.

Consumer confidence(Index, 1985=100)

Consumer sentiment(Index, Q1 1966=100)

Page 5: The U.S. Economy: Current Events, Challenges, and ...10.5% 10.0% 2014 2008 2010 2012 Debt service share of income (Percent of disposable income) Liabilities-to-income ratio (Years

Economic look ahead

Page 6: The U.S. Economy: Current Events, Challenges, and ...10.5% 10.0% 2014 2008 2010 2012 Debt service share of income (Percent of disposable income) Liabilities-to-income ratio (Years

Economic look ahead

Page 7: The U.S. Economy: Current Events, Challenges, and ...10.5% 10.0% 2014 2008 2010 2012 Debt service share of income (Percent of disposable income) Liabilities-to-income ratio (Years

Economic look ahead

Page 8: The U.S. Economy: Current Events, Challenges, and ...10.5% 10.0% 2014 2008 2010 2012 Debt service share of income (Percent of disposable income) Liabilities-to-income ratio (Years

Economic look ahead

Source: Federal Housing Finance Agency

Growth in house prices remains asymmetric across the country.

Page 9: The U.S. Economy: Current Events, Challenges, and ...10.5% 10.0% 2014 2008 2010 2012 Debt service share of income (Percent of disposable income) Liabilities-to-income ratio (Years

Economic look ahead

Page 10: The U.S. Economy: Current Events, Challenges, and ...10.5% 10.0% 2014 2008 2010 2012 Debt service share of income (Percent of disposable income) Liabilities-to-income ratio (Years

Economic look ahead

Page 11: The U.S. Economy: Current Events, Challenges, and ...10.5% 10.0% 2014 2008 2010 2012 Debt service share of income (Percent of disposable income) Liabilities-to-income ratio (Years

Thank you.

Page 12: The U.S. Economy: Current Events, Challenges, and ...10.5% 10.0% 2014 2008 2010 2012 Debt service share of income (Percent of disposable income) Liabilities-to-income ratio (Years
Page 13: The U.S. Economy: Current Events, Challenges, and ...10.5% 10.0% 2014 2008 2010 2012 Debt service share of income (Percent of disposable income) Liabilities-to-income ratio (Years

Economic look ahead

Page 14: The U.S. Economy: Current Events, Challenges, and ...10.5% 10.0% 2014 2008 2010 2012 Debt service share of income (Percent of disposable income) Liabilities-to-income ratio (Years

Economic look ahead


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