Chart of the Week: Consumer Search Trends

As mentioned in previous “Charts of the Week,” household debt service costs are on the rise. Large debt balances along with increasing interest rates are making it more difficult for consumers to make debt payments. This week’s chart measures the six-month change in Google searches related to topics of financial stress.

Several of the search topics are experiencing the largest increase since late 2008. If interest rates continue to rise, and debt refinancing becomes less feasible, consumer defaults may turn higher as well.

Chart Consumer Search Trends