The Federal Reserve Board of Governors has introduced an article series featuring consumer financial condition and concern analysis.
Consumer & Community Context breaks down the experiences of traditionally underserved and economically vulnerable households and neighborhoods.
“Our objective is to share insights and provide context for the complex economic and financial issues that affect individuals, communities and the broader economy,” Eric Belsky, director of the Board’s Division of Consumer and Community Affairs, said.
The overarching goal of the initiative, according to officials, is to increase public understanding. The series will be published periodically, and each issue will have a theme.
The first issue will address student loans and includes articles on the impact rising student loan debt levels may have on homeownership rates among young adults and the relationship between the amount of student loan debt and individuals’ decisions to live in rural or urban areas. Series contributing authors are employees of the Federal Reserve Board or the Federal Reserve System.
The issue also features a separate article focusing upon millennial migration patterns and student loan debt, noting in the article rural America is aging, losing population and increasingly lagging urban areas in the share of individuals holding college degrees.