PHILADELPHIA, Pennsylvania, Aug. 4 (TNSLrpt) -- The Federal Reserve Bank of Philadelphia's Consumer Finance Institute issued a discussion paper in July 2026 by Amber Lee entitled "Which Debt Payments Do Borrowers Prioritize? Evidence from 2025-2026 Consumer Survey Data."

Here are excerpts:

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We employ a novel approach to establish a clear debt payment hierarchy: Housing payments (mortgage or rent) are prioritized most, followed by auto lo . . .

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