In this paper, we describe why the Credit Insecurity Index measures credit health more accurately, and how it is calculated from several Community Credit sub-components. We also introduce a typology of severity tiers, which is used to sort communities by distress and to compare and contrast local credit conditions and histories. Lastly, we present index scores side-by-side with human capital, financial well-being, demographic and diversity indicators to allow readers to compare the scores, for each severity tier, with familiar measures of well-being and distress
Kausar Hamdani, Claire Kramer Mills, Edison Reyes, and Jessica Battisto
Federal Reserve Bank of New York
September 2019
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