WP 21-32 – High levels of subprime consumer debt can create social problems. We test the effects of the Troubled Asset Relief Program (TARP) and Paycheck Protection Program (PPP) bailouts during the Global Financial Crisis and COVID-19 crisis, respectively, on this debt.
This research brief examines consumers’ experiences with checking account overdrafts since the beginning of the COVID-19 crisis, using responses gathered from a special module in the Federal Reserve Bank of Philadelphia’s Consumer Finance Institute "COVID-19 Survey of Consumers."
WP 19-54/R – We study how health insurance eligibility aﬀects ﬁnancial distress for young adults using the Aﬀordable Care Act’s (ACA) dependent coverage mandate — the part of the ACA that requires private health insurance plans to cover individuals up to their 26th birthday.
WP 21-19 – We investigate bank relationships in a rarely considered context – consumer and small business credit cards.