CUNA Economic Update

February 2019

Jordan van Rijn, PhD

Senior Economist

CUNA Economic Update is sponsored by

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Household Debt Service Payments as a

Percent of Disposable Personal IncomeSource: Federal Reserve

39.7%

45.2%

39.7%

46.4%

34.0%

36.0%

38.0%

40.0%

42.0%

44.0%

46.0%

48.0%

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Nonfinancial Corporate Debt as a Percentage of GDPSource: Federal Reserve

-2.5

2.6

1.6

2.21.8

2.52.9

1.6

2.2 2.2

4.2

3.43.1

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2009 2010 2011 2012 2013 2014 2015 2016 2017 2018Q1 2018Q2 2018Q3 2018Forecast

2019Forecast

U.S. Economic GrowthPercent Changes in GDP

Source: BEA, CUNA

CUNA Economic Update is sponsored by