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.

The feet of people standing in line, behind social distancing markers on the floor.

The Crisis in November: Concerns Rise as Job and Income Recovery Slow

Fresh data collected in early November from Wave 6 of the survey confirm that, despite fewer respondents reporting job loss, respondents reported larger income declines and concerns about the future continuing to grow.

Consumer Credit


Health Insurance and Individual Financial Outcomes

CFI in Focus – Two recent CFI papers examine the financial outcomes for individuals affected by changes in health insurance coverage.

CFI COVID-19 Survey of Consumers – Wave 5

This report shares results from Wave 5 of a national survey of consumers investigating COVID-19 impacts on job status, income, and personal financial security.

Mortgage Markets

Working Paper

Concentration in Mortgage Markets: GSE Exposure and Risk-Taking in Uncertain Times

WP 20-04R - When home prices threaten to decline, large mortgage investors can benefit from fostering new lending that boosts demand. We ask whether this benefit contributed to the growth in acquisitions of risky mortgages by the government-sponsored enterprises (GSEs) in the first half of 2007.

Mortgage Markets

Discussion Paper

Reverse Mortgage Retrospective: How Recent Policy Changes Affected Government-Insured Reverse Mortgage Originations and Performance

DP 20-06 — This discussion paper analyzes the outcomes of recent policy reforms to the federally insured reverse mortgage program.

Consumer Credit

Working Paper

Missouri’s Medicaid Contraction and Consumer Financial Outcomes

WP 20-42 - In July 2005, a set of cuts to Medicaid eligibility and coverage went into effect in the state of Missouri.