What does the US Household Spending & Credit Expectations table measure?

It measures United States consumer forecasts for household income growth, spending changes, credit access, debt delinquency probabilities, and asset price expectations over a one-year horizon.

How often is the Survey of Consumer Expectations published and how far back does it go?

The data are published monthly by the Federal Reserve Bank of New York, with time series beginning in 2013 and updated with each new release.

What specific breakdowns and metrics are included in the survey data?

The table includes median, 25th percentile, and 75th percentile forecasts for household income and spending, plus five-point distribution scales for credit access, financial conditions, and debt repayment probabilities.

How can analysts use US household spending and credit expectations?

Analysts use these forward-looking indicators to gauge consumer sentiment, anticipate real consumption trends within the United States economy, and monitor perceived household financial stress.

US Household Spending & Credit Expectations

Name: US Household Spending & Credit Expectations
Creator: New York FED (Survey of Consumer Expectations)
License: https://creativecommons.org/licenses/by/4.0/

US household spending and credit expectations from the New York Fed Survey of Consumer Expectations.

Source: New York FED (Survey of Consumer Expectations)Last updated: Sep 21, 2026, 14:13Curated by Bui Thanh PhucAbout this data ↓

Indicator	08-2026	07-2026	06-2026	05-2026	04-2026	03-2026	02-2026	01-2026	12-2025	11-2025	10-2025	09-2025	08-2025	07-2025	06-2025	05-2025	04-2025	03-2025	02-2025	01-2025	12-2024	11-2024	10-2024	09-2024	08-2024	07-2024	06-2024	05-2024	04-2024	03-2024	02-2024	01-2024	12-2023	11-2023	10-2023	09-2023	08-2023
INCOME AND SPENDING ONE YEAR AHEAD6
Household income growth - median	2.98	2.98	2.96	2.82	2.84	2.85	2.88	2.91	2.95	2.9	2.83	2.87	2.87	2.95	2.86	2.7	2.61	2.8	3.06	2.97	2.84	3.09	3.02	3.01	3.05	3.03	3.05	3.07	3.02	3.15	3.08	3.1	3.04	3.11	3.1	3.03	2.94
Household income growth - 25th percentile	1.06	1.02	0.94	0.01	0.45	0.7	0.73	0.42	1.02	0.69	0.58	0.39	0.09	0.87	0.73	0.14	0.05	0.09	0.92	1.35	1.77	1.64	1.12	1.5	1.45	1.18	1.4	0.89	0.97	1.53	1.3	1.44	1.43	1.59	1.33	1.09	0.86
Household income growth - 75th percentile	5.13	5.47	5.6	5.36	5.35	5.73	5.58	5.85	5.39	5.27	5.46	5.47	5.51	5.57	5.85	5.67	5.65	5.75	6.05	5.79	5.85	7.92	5.94	7.06	6.8	5.94	7.72	6.94	6.2	6.51	9	6.45	5.88	6.02	6.13	5.85	5.58
Household spending growth - median	5.23	4.88	5.01	4.99	5.43	5.05	4.89	4.9	4.9	5.02	4.76	4.7	4.95	4.9	4.85	4.98	5.19	4.89	5.02	4.39	4.84	4.72	4.9	4.86	5.04	4.94	5.1	5.03	5.2	5.02	5.24	4.96	5.02	5.21	5.25	5.32	5.26
Household spending growth - 25th percentile	2.29	2.34	2.04	1.76	2.05	1.39	1.47	1.07	1.19	2	1.02	0.94	1.69	1.1	0.92	0.6	1.25	0.77	1.61	0.01	1.61	1.81	1.68	1.67	1.73	1.76	2.1	1.65	1.93	2.02	2.1	1.86	1.92	2.02	2.11	2.08	2.16
Household spending growth - 75th percentile	10.57	10.02	10.41	10.34	11.32	11.13	10.43	10.68	10.65	10.39	10.02	10.11	10.2	10.4	10.28	10.53	10.96	10.64	10.63	10.19	10.29	10.86	10.44	11.17	10.62	11.3	11.17	10.96	10.84	10.43	10.67	10.53	11.57	11.23	10.53	10.53	10.65
CREDIT AND DEBT1
Probability of missing minimum debt payment over 3 months	13.16	12	10.81	12.55	11.37	12.25	11.62	13.67	15.27	13.74	13.11	12.64	13.09	12.28	12	13.45	13.94	13.59	14.56	13.32	14.16	13.15	13.89	14.22	13.64	13.29	12.26	11.99	12.93	12.9	11.45	12.14	12.42	11.77	11.99	12.51	11.11
Access to credit compared to ONE YEAR AGO5
Much harder	15.31	13.51	11.19	11.51	13.31	10.98	11.94	13	13.19	8.1	9.47	9.86	9.8	8.22	9.56	10.12	11.59	11.04	10.59	10.65	12.87	12.77	14.27	15.2	15.43	14.95	15.43	15.14	16.39	14.71	15.79	15.18	16.6	17.1	19.56	19.01	16.16
Somewhat harder	30.61	30.53	30.17	32.11	32.55	31.77	33.42	31.74	30.02	33.27	29.74	32.16	31.13	34.33	31.39	34.8	34.46	34.19	32.77	30.46	31.63	29.13	30.12	31.82	32.68	37.02	35.18	35.15	33.18	36.53	35.57	34.33	40.26	40.57	39.42	41.76	43.61
Unchanged	45.66	48.03	50.08	47.1	43.77	44.42	43.66	43.92	45.92	47.52	48.61	46.07	48.18	46.61	48.46	44.62	44.03	46.66	48.71	48.41	43.5	46.93	41.2	41.26	42.22	38.57	40.99	39.63	40.7	38.29	39.62	38.42	34.16	33.01	32.31	31.34	32.05
Somewhat easier	7.44	6.89	6.73	7.47	8.31	10.57	9.68	9.91	8.51	9.73	10.99	10.93	9.41	9.81	9.44	9.7	8.88	7.47	7.15	9.21	10.8	9.91	13.03	10.06	8.54	8.86	7.56	7.8	7.59	8.48	7.78	10.4	7.59	8.15	7.01	6.55	6.33
Much easier	0.99	1.05	1.85	1.82	2.06	2.26	1.3	1.43	2.36	1.38	1.19	0.99	1.48	1.03	1.14	0.77	1.04	0.65	0.79	1.26	1.19	1.25	1.38	1.66	1.12	0.59	0.85	2.29	2.15	1.99	1.24	1.67	1.39	1.17	1.71	1.33	1.85
Access to credit ONE YEAR AHEAD5
Much harder	14	12.99	11.51	11.65	12.56	13.1	10.64	12.34	12.01	8.45	10.32	9.38	9.49	9.58	9.73	11.05	12.69	12.88	11.81	8.35	9.86	10.78	11.05	12.34	11.74	13.01	11.34	12.63	13.6	12.77	12.22	12.97	13.65	13.47	15.93	17.67	13.73
Somewhat harder	34.05	32.08	36.65	36.13	35.41	34.12	32.83	32.92	30.88	33.52	32.05	33.83	35.32	35.28	34.52	37.11	35.32	34.69	34.93	27.21	27.7	24.11	26.86	28.44	29.84	32.25	36.53	32.66	29.72	34.87	33.32	30.61	33.07	38.79	39.77	36.21	39.04
Unchanged	44.59	46.75	43.78	44.05	41.79	41.66	45.36	42.84	44.62	46.03	45.26	44.81	43.49	42.59	44.57	41.27	39.93	40.9	41.6	48.26	46.58	48.3	44.93	40.77	43.72	43.13	41.42	44.97	45.55	40.49	41.5	43.04	40.59	38.69	35.94	36.67	37.57
Somewhat easier	6.7	7.33	6.56	6.31	8.14	9.2	9.66	10.38	9.64	10.23	11.33	10.94	10.27	11.32	9.5	9.77	11.31	10.79	11.24	14.62	13.93	14.75	15.56	16.91	13.99	11.11	10.45	8.02	9.84	10.56	11.98	11.47	11.4	8.62	7.02	8.08	8.09
Much easier	0.66	0.84	1.5	1.86	2.1	1.92	1.51	1.52	2.85	1.77	1.03	1.04	1.43	1.22	1.68	0.79	0.74	0.75	0.42	1.56	1.93	2.05	1.61	1.54	0.7	0.5	0.25	1.72	1.29	1.31	0.97	1.91	1.28	0.43	1.34	1.37	1.57
Compared to ONE YEAR AGO5
Much worse	9.19	8.85	9.06	13.34	10.63	9.72	8.94	9.46	7.71	10.19	8.36	8.46	7.84	6.71	5.75	6.28	8.63	6.58	7.12	8.24	6.62	9.05	9.38	10.97	8.76	8.49	9.91	9.13	9.46	8.99	9.08	9.98	9.99	10.94	10.62	10.16	10.55
Somewhat worse	29.4	28.76	30.31	30.32	30.92	27.98	27.07	29.66	28.73	28.79	26.05	24.55	25.65	25.92	28.19	31.14	30.33	26.95	25.93	24.75	27.75	27.12	29.19	26.17	27.55	27.21	26.82	25.44	27	24.54	27.22	26.32	28.76	29.28	29.98	31.23	29.52
Unchanged	43.13	41.4	40.65	38.31	39.97	40.16	41.67	39.9	42.9	43.39	43.05	44.65	46.08	45.69	45.24	45.27	44.92	46.76	47.25	47.95	43.03	43.27	38.34	42.82	41.59	41.12	41.04	42.6	41.25	40.9	40.84	39.92	40.69	39.56	39.05	40.73	41.88
Somewhat better	15.2	17.6	16.88	14.83	14.72	18.05	18.52	17.45	15.88	13.65	17.39	18.15	16.16	17.86	17.54	14.69	13.27	17.01	15.9	15.49	18.82	17.46	19.22	17.1	18.96	19.26	18.6	19.37	18.75	21.5	19.33	19.57	16.85	17.07	17.07	15.44	14.91
Much better	3.08	3.38	3.1	3.19	3.76	4.1	3.8	3.53	4.78	3.98	5.15	4.19	4.28	3.82	3.28	2.62	2.86	2.7	3.79	3.57	3.77	3.1	3.86	2.93	3.13	3.92	3.63	3.47	3.54	4.08	3.53	4.21	3.71	3.14	3.28	2.44	3.14
ONE YEAR AHEAD5
Much worse	6.82	6.91	5.82	7.84	8.36	9.11	5.79	7.92	6.46	6.63	8.4	6.57	6.52	5.86	6.58	7.01	9.46	7.3	6.81	4.19	4.17	4.24	3.16	5.22	4.6	4.29	3.96	6.01	5.47	2.85	3.84	5.26	6.69	6.89	7.14	6.25	4.37
Somewhat worse	25.82	23.34	28.17	28.18	24.93	26.84	23.15	21.49	21.77	24.79	23.26	24.38	21.2	21.06	25.16	27.26	26.81	22.69	20.59	16.77	15.69	16.44	19.42	19.29	20.23	19.23	17.17	15.89	18.02	20.66	20.01	18.26	18.56	21.84	23.82	23.01	24.88
Unchanged	41.49	43.42	38.75	41.04	41.41	37.89	42.77	41.54	40.47	42.16	40.87	41.23	43.04	44.68	40.5	39.31	36.72	41.31	38.93	42.49	43.9	41.69	47.77	44.11	44.84	46.07	47.28	45.17	44.85	43.38	42.32	42.34	44.15	44.21	41.05	44.88	46.95
Somewhat better	22.32	22.03	23.23	18.22	21.02	21.22	22.98	22.61	25.08	22.45	21.89	21.77	22.86	21.57	23.1	20.81	22.27	24.77	28.01	30.27	29.39	29.53	26.01	27.56	25.01	26.29	27.21	27.6	27.23	27.7	28.03	29.03	25.91	22.68	24.54	21.89	20.29
Much better	3.54	4.3	4.03	4.72	4.28	4.94	5.32	6.45	6.23	3.96	5.58	6.06	6.37	6.83	4.67	5.61	4.73	3.94	5.66	6.28	6.84	8.1	3.64	3.83	5.31	4.12	4.38	5.32	4.43	5.41	5.8	5.12	4.7	4.37	3.45	3.97	3.51
HOME PRICE, TAX, GOVERNMENT DEBT AND ASSET EXPECTATIONS8
Home price growth - median	3.02	3.2	3.16	3.46	3.05	3.26	3	2.9	3	3	3	3	3	3	3	3	3.26	3.03	3.28	3.17	3.1	2.96	3	3.05	3.11	3.05	3.05	3.29	3.29	3.05	3	3	2.98	3	2.99	3	3.08
Home price growth - 25th percentile	0.81	1	1	1.09	0.37	0.81	0.13	-0	-0	-0	0	-0	0	0	-0	0	-0	0.19	0.19	0.5	0.53	0	0.1	0	0	0.43	0.44	0.68	0.12	0	0.05	0	0	0	0	0	0
Home price growth - 75th percentile	6.22	6.3	6.2	6.35	6.1	6.15	6	6	6.78	6.4	6.6	6.06	6.24	6.06	6.35	6.72	8	6.97	6.6	7.11	6.42	6	6.2	6.65	6.56	6.48	6.69	6.92	6.53	6.72	6.06	6	6.25	6.45	6.75	6.54	6.52
Home price growth three years ahead - median point forecast	4.42	4.2	4.35	4.72	4.61	4.51	4.43	4.52	4.65	4.63	4.53	4.21	4.56	4.58	4.64	4.69	4.82	4.65	4.89	4.55	4.56	4.62	4.51	4.47	4.48	4.65	4.47	4.95	4.6	4.59	4.66	4.35	4.42	4.19	4.55	4.33	4.44
Tax increase - median	3.52	2.97	3.13	3.12	3.39	3.13	2.91	3.04	3.98	4.05	3.18	3.57	3.38	2.86	3.46	3.31	3.34	3.22	3.37	3.18	2.99	3.43	4	4	3.86	4.01	4.25	3.86	4.34	4.22	3.94	3.94	4.05	4.12	3.77	4.01	4.06
Government debt increase - median	9.73	9.13	9.45	9.87	10	9.8	9.17	9.27	9.03	9.16	7.16	7.51	6.55	9.09	7.27	5.35	4.81	4.64	4.95	5.97	5.89	6.16	8.52	8.03	9.08	9.34	9.26	9.3	9.56	9.59	9.31	8.9	9.43	9.96	9.78	9.47	8.91
Probability of higher Interest rate on savings after 1 year	28.85	28.18	26.6	24.58	26.72	24.85	24.86	25.84	23.39	24.13	24.93	24.9	24.26	23.63	23.67	25.38	26.5	26.13	25.36	25	25.22	26.71	24.61	25.05	26.62	25.11	25.28	27.04	25.51	24.22	26.11	25.53	25.92	29.55	30.28	30.82	30.13
Probability of higher stock prices after 1 year	40.85	41.43	40.87	37.99	38.44	36.33	37.93	39.07	38.02	37.95	38.9	39.76	38.89	38.3	36.02	36.35	35.66	33.83	36.99	40.26	39.8	40.44	39.07	40.29	39.27	39.28	39.24	40.48	38.74	39.2	38.87	37.52	36.68	36.55	34.24	36.67	35.17

Latest reading

Household spending growth - median stood at 5.23% in Aug 2026. That is +0.3 pp from Jul 2026 and +0.3 pp from a year earlier. The series on this page is monthly and runs from Jun 2013 to Aug 2026. Source: New York FED (Survey of Consumer Expectations).

Latest: 5.23%; Aug 2026
vs previous period: +0.3 pp; Jul 2026
vs a year earlier: +0.3 pp

About this data

US household spending and credit expectations from the New York Fed Survey of Consumer Expectations. The monthly data cover income and spending growth, credit access, home prices, and debt payment probabilities. Figures begin in 2013 and serve as leading indicators for consumer behavior.

Frequently asked questions

What does the US Household Spending & Credit Expectations table measure?: It measures United States consumer forecasts for household income growth, spending changes, credit access, debt delinquency probabilities, and asset price expectations over a one-year horizon.
How often is the Survey of Consumer Expectations published and how far back does it go?: The data are published monthly by the Federal Reserve Bank of New York, with time series beginning in 2013 and updated with each new release.
What specific breakdowns and metrics are included in the survey data?: The table includes median, 25th percentile, and 75th percentile forecasts for household income and spending, plus five-point distribution scales for credit access, financial conditions, and debt repayment probabilities.
How can analysts use US household spending and credit expectations?: Analysts use these forward-looking indicators to gauge consumer sentiment, anticipate real consumption trends within the United States economy, and monitor perceived household financial stress.