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Household Debt Reaches New Peak Driven by Gains in Mortgage, Auto, and Student Debt  According to the latest Quarterly Report on Household Debt and Credit, total household debt increased by $206 billion (1.4 percent) to $14.56 trillion in the fourth quarter of 2020, driven in part by a steep increase in mortgage originations. The total debt balance is $414 billion higher than at the end of 2019. Newly originated mortgages, which include refinances, reached a record high of $1.2 trillion, surpassing in nominal terms the volumes seen during the historic refinance boom in the third quarter of 2003. Auto and student loan balances increased by $14 billion and $9 billion, respectively.

The SIFMA Fact Book is an annual reference containing comprehensive data on the securities industry, capital markets, market activity, investor participation, global markets, savings and investment, and much more. Note: 2018 and 2019 data is projection data

Non seasonally adjusted data; data is subject to annual revisions by BLS. Finance and Insurance (NAICS 52) includes: Federal Reserve banks, credit intermediation, and related activities; securities, commodity contracts, and investments; insurance carriers and related activities; funds, trusts, and other financial vehicles Securities, Commodity Contracts, and Investments (NAICS 523) includes: investment banks; securities and commodity contracts dealers; securities and commodity contracts brokers; securities and commodity contracts exchanges; portfolio managers; investment advisors   US Industry Employment - Securities and Financial Industry, Monthly Update

The US venture capital (VC) industry had a record year in 2020. Despite headwinds from the COVID-19 pandemic and the worst recession since the Great Depression, the VC industry posted records for fundraising, investments, and exits. For the third consecutive year, high-growth startups raised more than $130 billion, and 2020 represented the fourth straight year where more than 10,000 venture-backed companies received an investment. At the end of 2020, 1,965 VC firms managed 3,680 venture funds and had approximately $548 billion in US venture capital assets under management (AUM), as well as a record $151 billion in dry powder heading into 2021. In 2020, the US remained the destination for about half of global VC investment dollars, attracting 51% of global capital invested. This year’s share of global investment is up slightly from the 49% reported for 2019 and is eight percentage points higher than the most recent low of 43% in 2018. However, these percentages stand in stark contrast to the 83% global share the US garnered in 2004, when the US held dominant sway over investors, and serves as a good reminder that capital and talent are everywhere.