Net-change-in-liabilities

{
  "id": "MLC-T-ECS-001258",
  "term": "Net-change-in-liabilities",
  "field": "Economic statistics",
  "definition": "Increase or decrease in monetary obligations.\n\nNote: Liability changes include changes in mortgage principal on own dwelling occupied by the consumer unit, vacation home, recreational property, unimproved land, and other property owned by the consumer unit; payments of mortgage interest due before either the survey year or the survey period; money owed on purchases of cars, trucks, and other vehicles; and money owed to other creditors, such as department stores, banks, credit unions, finance companies, insurance companies, doctors, dentists, and other medical practitioners.",
  "references": [
    "BLS Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/net-change-in-liabilities/"
}