Latest Articles by Chris

Returning to Normal: How Long the Economy Takes to Return to Pre-Recession Levels
When the COVID-19 pandemic began, most of the economy was brought to a near-immediate standstill or a significant slowdown. With everyone on Wall Street and Main Street asking when and how it will end, there was no doubt a recession was here before the National Bureau of Economic Research (NBER) ... Read More
July 1, 2020
Typical Households Will Spend 17% Less in the COVID-19 Economy
Normally, household budgets don’t change drastically from year to year. The costs of some items may increase while others may drop, and usually the quantities purchased change slowly. Needless to say, these are not ordinary times. Amid the COVID-19 pandemic, spending in some categories, like dining out and new appliances, ... Read More
June 8, 2020
Average U.S. Credit Card Debt
Credit card balances are at all-time highs, and absent any other relief, the recent rate cuts by the Federal Reserve will do little to slow down growth in total balances that borrowers carry month to month. And while it’s still too early to know for certain, the cash crunch many ... Read More
May 6, 2020