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
2.3
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