Consumer Finance

Our Consumer Finance Institute researches how people earn, spend, save, and invest, as well as how credit markets and payment systems affect the economy. Our goal is to foster a healthy consumer sector, a stable financial system, and a resilient regional and national economy.

Expectations of Student Loan Repayment, Forbearance, and Cancellation: Insights from Recent Survey Data

This report adds to our understanding of student borrower experiences with and future expectations of student loan repayment, forbearance, and loan cancellation using responses to the January 2022 and April 2022 waves of the COVID-19 Survey of Consumers conducted by the Federal Reserve Bank of Philadelphia’s Consumer Finance Institute (CFI).

Examining Resolution of Mortgage Forbearances and Delinquencies – April 2022

The Risk Assessment, Data Analysis, and Research (RADAR) Group has created a monthly report examining mortgage forbearances and delinquencies.

Blockchain Economics

WP 22-15 – We develop an economic theory to study the design of blockchain record-keeping protocols. Our main result characterizes the fundamental tradeoffs that arise when record-keepers must be provided with incentives to behave honestly.

Examining Resolution of Mortgage Forbearances and Delinquencies – March 2022

The Risk Assessment, Data Analysis, and Research (RADAR) Group has created a monthly report examining mortgage forbearances and delinquencies.

Parents Voice Concerns About Pandemic’s Impact on School-Age Children

The COVID-19 pandemic’s impact on school-age children may last for years. To gauge parents’ concerns about that impact, the Consumer Finance Institute (CFI) included student-related questions in recent editions of its COVID-19 Survey of Consumers as reflected in this latest research brief.

Recession Remedies: Lessons Learned from the U.S. Economic Policy Response to COVID-19 – Chapter on Mortgage Borrowers

Recession Remedies examines and evaluates the breadth of the economic-policy response to COVID-19.