Research & Data Access

The American Distress Index is a free, open dataset tracking U.S. household financial distress across 88 economic indicators. This page provides everything researchers need to access, reproduce, and cite ADI data. No API keys, no registration, no restrictions on academic use.

Dataset Overview

88
Economic Indicators
5
ADI Domains
84
Quarterly Observations
2005–2025
Published History

The ADI composite is a 0–100 score built from 5 domains, each capturing a distinct dimension of household financial distress. Every member series is converted to a Hazen percentile within its own full quarterly history since 2005. Each domain score is the mean of its members' percentiles. The composite is the mean of the 5 domain scores.

Domain Weight Member series Measures
Delinquency 20% Delinquency Rate on Single-Family Residential Mortgages (90+ days); Delinquency Rate on Credit Card Loans; Delinquency Rate on Consumer Loans (ex credit card); Auto Loan Serious Delinquency Rate (90+ days) Share of borrowers behind on mortgage, credit card, consumer, and auto loans.
Default & Legal 20% Charge-Off Rate on Credit Card Loans; Charge-Off Rate on Single-Family Residential Mortgages Charge-offs and the foreclosure-stage outcomes that follow late payments.
Debt Burden 20% Household Debt Service Ratio Required debt payments as a share of household income.
Labor 20% Unemployment Rate; Initial Unemployment Claims (SA) Unemployment and new jobless claims.
Safety Net & Buffer 20% Personal Saving Rate The savings cushion households hold against a bad quarter.

Each domain carries the same weight: 20% of the composite. A composite of 62 means the index's inputs, on average, sit higher than in 62 percent of their own quarterly histories. The composite is a mean of percentiles, rather than a percentile of quarters. The composite's own rank among published quarters is published separately as rank_in_history.

Current reading: ADI 44.6 Band 3 of 5 · Typical for 2025-Q4. On average, its inputs sit higher than in 45% of their own quarterly histories since 2005. Full methodology at /methodology/.

Data Access

All data is served as static JSON from Cloudflare's edge network. No authentication, no rate limits, no usage restrictions for academic purposes.

JSON API Endpoints

GET
/api/adi.json

Latest quarter with the composite, band, band label, the literal reading, and the composite's own rank in history, plus the full quarterly series with five domain scores and member percentiles (84 observations, 2005–2025).

curl https://americandefault.org/api/adi.json
GET
/api/indicators.json

All 88 indicators with current value, trend, YoY change, units, source, and metadata.

curl https://americandefault.org/api/indicators.json
GET
/api/indicators/{slug}.json

Full time series for a single indicator. Replace {slug} with any indicator slug from the index endpoint.

curl https://americandefault.org/api/indicators/the-buffer.json

CSV Downloads

Embeddable Charts

Every indicator has a self-contained iframe-embeddable chart. Pattern: /embed/{slug}/. See the embed documentation for examples.

Code Examples

Python (requests + pandas)

import requests import pandas as pd # Fetch all indicators resp = requests.get("https://americandefault.org/api/indicators.json") indicators = resp.json()["indicators"] # Load into DataFrame df = pd.DataFrame([{ "name": i["display_name"], "value": i["latest_value"], "trend": i["trend"], "yoy_change": i.get("yoy_change"), "source": i["source"] } for i in indicators]) # Fetch ADI composite with full history adi = requests.get("https://americandefault.org/api/adi.json").json() adi_df = pd.DataFrame(adi["history"])

R (httr2 + jsonlite)

library(httr2) library(jsonlite) # Fetch ADI composite adi <- request("https://americandefault.org/api/adi.json") |> req_perform() |> resp_body_json() # Convert history to data frame history <- do.call(rbind, lapply(adi$history, as.data.frame)) history$date <- as.Date(history$date) # Fetch single indicator time series savings <- request("https://americandefault.org/api/indicators/the-buffer.json") |> req_perform() |> resp_body_json() ts_data <- do.call(rbind, lapply(savings$data, as.data.frame))

The API returns standard JSON. Any language with HTTP client and JSON parsing support can access the data. No authentication headers or API keys needed.

Variable Definitions

88 indicators organized into 9 categories. Each indicator includes full time series data, source attribution, and trend analysis.

Indicator Category API Slug Related Terms
401(k) Loan Outstanding Rate Savings 401-k-loan-outstanding-rate 401(k), Hardship Distribution
AI Autonomous Task Horizon (METR) AI & Work the-horizon
AI Job Posting Share (% of Total) AI & Work ai-job-posting-share-of-total
AI-Attributed Layoff Announcements AI & Work the-ai-cut Unemployment Rate, Recession
Atlanta Fed Wage Growth Tracker (1st Quartile) Jobs atlanta-fed-wage-growth-tracker-1st-quartile Real Wages, Wage Stagnation
Auto Insurance Inflation Premium (Auto CPI minus Overall CPI) Prices the-coverage-tax Consumer Price Index (CPI), Cost Burden
Auto Loan Serious Delinquency 90+ Days (NY Fed CCP) Debt auto-loan-serious-delinquency-90-days-ny-fed-ccp Auto Loan, Subprime Mortgage
Auto Loan Serious Delinquency Rate (90+ days) Debt the-repo-line Auto Loan, Delinquency
Bankrate Emergency Savings Survey Savings the-safety-net Emergency Fund, Personal Savings Rate
Bankruptcy Chapter 7 to Chapter 13 Filing Ratio Courts the-wipeout-ratio Chapter 7 Bankruptcy, Chapter 13 Bankruptcy
Bankruptcy Filings YoY Change Courts bankruptcy-filings Chapter 7 Bankruptcy, Chapter 13 Bankruptcy
Business AI Adoption Rate AI & Work the-adoption-curve
Buy Now Pay Later Lending Volume Savings phantom-debt Credit Utilization, Minimum Payment
CFPB Consumer Complaint Volume Courts cfpb-consumer-complaint-volume Consumer Financial Protection Bureau (CFPB), Real Estate Settlement Procedures Act (RESPA)
Challenger Job Cut Announcements Jobs pink-slips Recession, Unemployment Rate
Chapter 13 Bankruptcy Filings (YoY % Change) Courts chapter-13-bankruptcy-filings-yoy-change Chapter 13 Bankruptcy, Discharge
Chapter 7 Bankruptcy Filings (YoY % Change) Courts chapter-7-bankruptcy-filings-yoy-change Chapter 7 Bankruptcy, Means Test
Charge-Off Rate on All Loans Courts charge-off-rate-on-all-loans Discharge, Charge-Off
Charge-Off Rate on Credit Card Loans Debt charge-off-rate-on-credit-card-loans Charge-Off, Credit Utilization
Charge-Off Rate on Single-Family Residential Mortgages Courts charge-off-rate-on-single-family-residential-mortgages REO (Real Estate Owned), Foreclosure
Commercial Bank Interest Rate on Credit Card Plans Debt the-card-tax APR (Annual Percentage Rate), Interest Rate
Conference Board Consumer Expectations Index Warning Signs the-warning-light Recession, Consumer Price Index (CPI)
Continued Unemployment Claims (SA) Jobs continued-unemployment-claims-sa Unemployment Rate, Labor Force Participation Rate
CoreLogic Early-Stage Delinquency Transitions Housing first-missed Delinquency, Pre-Foreclosure
CPI Inflation Rate (All Items) Prices cpi-inflation-rate-all-items Consumer Price Index (CPI), Inflation
Credit Card Delinquency Rate — Banks Outside Top 100 Debt the-other-banks Subprime Mortgage, Charge-Off
Delinquency Rate on Consumer Loans (ex credit card) Debt delinquency-rate-on-consumer-loans-ex-credit-card Default, Delinquency
Delinquency Rate on Credit Card Loans Debt the-late-fee Credit Card Debt, Charge-Off
Delinquency Rate on Single-Family Residential Mortgages (90+ days) Housing delinquency-rate-on-single-family-residential-mortgages-90-days Delinquency, Loss Mitigation
Difficulty Paying Usual Household Expenses Who's Hurting the-pinch Financial Distress, Cost Burden
Energy Cost Burden (Energy PCE as % of Disposable Income) Prices the-energy-squeeze Cost Burden, LIHEAP (Low Income Home Energy Assistance Program)
Energy CPI (All Items) Prices energy-cpi-all-items Consumer Price Index (CPI), Cost of Living
Equifax Monthly Credit Trends (Delinquency) Debt the-60-day-line Credit Score, Credit Report
FHA Mortgage Delinquency Rate Housing the-fha-signal FHA Loan, Delinquency
Financial Health Score (FHN FinHealth Survey) Who's Hurting financial-health-score-fhn-finhealth-survey Financial Distress, Financial Literacy
Food and Beverages CPI Prices food-and-beverages-cpi Consumer Price Index (CPI), Food Insecurity
Foreclosure Filings YoY Change Housing foreclosure-filings Foreclosure, Judicial Foreclosure
Foreclosure Starts vs Completions Ratio Housing the-pipeline Foreclosure, Non-Judicial Foreclosure
Gas Affordability Ratio Prices the-pump-tax Cost of Living, Purchasing Power
Google Search Interest: Financial Distress Warning Signs the-search-signal Financial Distress, Recession
Grocery Affordability Gap (AHE YoY minus Food-at-Home CPI YoY) Prices the-grocery-gap Food Insecurity, Real Wages
Grocery Prices Cumulative Change Since Jan 2020 Prices grocery-prices-cumulative-change-since-jan-2020 Inflation, Purchasing Power
Healthcare Inflation Premium (Medical CPI minus Overall CPI) Prices healthcare-inflation-premium-medical-cpi-minus-overall-cpi Consumer Price Index (CPI), Cost Burden
HELOC Balance Growth Savings heloc-balance-growth HELOC (Home Equity Line of Credit), Home Equity
Household Debt Service Ratio Savings debt-service Debt Service Ratio, Debt-to-Income Ratio
Household Tariff Burden (Estimated Tariff Cost as % of Disposable Income) Prices the-import-tax Inflation, Cost of Living
Indeed Job Postings Index (US) Jobs indeed-job-postings-index-us Labor Force Participation Rate, Recession
Information Sector Job Openings (NAICS 51) AI & Work the-tech-drought Labor Force Participation Rate, Recession
Initial Unemployment Claims (SA) Jobs initial-unemployment-claims-sa Unemployment Rate, Recession
JOLTS Quits Rate Jobs jolts-quits-rate Labor Force Participation Rate, Wage Stagnation
Large vs Small Bank Credit Card Delinquency Spread Debt large-vs-small-bank-credit-card-delinquency-spread Delinquency, Credit Card Debt
Lower-Income Wage Growth vs. Inflation Gap Jobs the-k-shape Real Wages, Inflation
Median Sales Price of Houses Sold (US) Housing median-sales-price-of-houses-sold-us Median Home Price, Housing Affordability
Medicaid / CHIP Enrollment (Monthly) Who's Hurting medicaid-chip-enrollment-monthly Cost Burden, Financial Distress
Medical Care CPI Prices medical-care-cpi Consumer Price Index (CPI), Cost of Living
Mortgage Debt Service Ratio Savings mortgage-debt-service-ratio Debt Service Ratio, PITI
Mortgage Origination Volume Housing mortgage-origination-volume Underwriting, Conforming Loan
Motor Vehicle Insurance CPI Prices motor-vehicle-insurance-cpi Consumer Price Index (CPI), Cost of Living
NFCI Non-Financial Leverage Subindex Warning Signs the-tightening Interest Rate, Federal Funds Rate
Part-Time for Economic Reasons Jobs part-time-for-economic-reasons Unemployment Rate, Wage Stagnation
Personal Saving Rate Savings the-buffer Personal Savings Rate, Emergency Fund
Prescription Drug CPI Prices prescription-drug-cpi Consumer Price Index (CPI), Cost of Living
Revolving Credit Utilization (75th Percentile) Savings revolving-credit-utilization-75th-percentile Credit Utilization, Credit Score
Senior Loan Officer Survey: Banks Tightening Standards Warning Signs senior-loan-officer-survey-banks-tightening-standards Underwriting, Interest Rate
Serious Delinquency Rate (90+ days, All Loan Types) Housing serious-delinquency-rate-90-days-all-loan-types Delinquency, Foreclosure
Share of Adults Skipping Bill Payments Who's Hurting the-skip-rate Credit Score, Credit Report
Share of Americans Living Paycheck to Paycheck Savings the-squeeze Living Paycheck to Paycheck, Emergency Fund
SHED Emergency Savings Survey Savings the-400-test Emergency Fund, Financial Distress
Shelter CPI Prices shelter-cpi Shelter Inflation, Housing Cost Burden
SNAP (Food Stamp) Enrollment Warning Signs snap-food-stamp-enrollment SNAP (Supplemental Nutrition Assistance Program), Food Insecurity
States with Credit Card Delinquency Above 10% Who's Hurting the-spread Delinquency, Credit Score
Student Loan Delinquency Rate (90+ days) Debt student-loan-delinquency-rate-90-days Student Loan Default, Income-Driven Repayment
Student Loan Payment Burden (% of Discretionary Income) Prices student-loan-payment-burden-of-discretionary-income Student Loan Default, Income-Driven Repayment
Top vs Bottom Income Quartile Spending Gap Warning Signs the-divergence Purchasing Power, Cost of Living
Total Consumer Credit Outstanding Savings total-consumer-credit-outstanding Credit Card Debt, Debt Consolidation
Total Credit Card Debt Outstanding Debt plastic-ceiling Credit Card Debt, Minimum Payment
Total Delinquency Rate (All Loan Types) Debt falling-behind Delinquency, Default
Total Household Debt Debt total-household-debt Debt-to-Income Ratio, Debt Consolidation
Total Nonfarm Payrolls Jobs total-nonfarm-payrolls Labor Force Participation Rate, Recession
Total Revolving Credit Outstanding Savings total-revolving-credit-outstanding Credit Utilization, Credit Card Debt
TransUnion Subprime Auto/Card Originations Debt the-risk-reset Subprime Mortgage, Credit Score
U-6 Underemployment Rate Jobs u-6-underemployment-rate Unemployment Rate, Labor Force Participation Rate
Unemployment Rate Jobs unemployment-rate Unemployment Rate, Recession
University of Michigan Consumer Sentiment Index Warning Signs the-mood-ring Recession, Inflation
Vanguard Hardship Withdrawal Rate Savings the-cannibalization-rate Hardship Withdrawal, Early Withdrawal Penalty
Wage Growth vs CPI Spread Warning Signs wage-growth-vs-cpi-spread Real Wages, Inflation
WARN Act Layoff Notices (Monthly) Jobs warn-act-layoff-notices-monthly Recession, Unemployment Rate
Youth Unemployment Rate (16-24) AI & Work youth-unemployment-rate-16-24 Unemployment Rate, Labor Force Participation Rate

For detailed metadata on each variable (units, source agency, series ID, update frequency), fetch the individual indicator JSON endpoint: /api/indicators/{slug}.json.

Reproducibility

The ADI is designed for full reproducibility. Every input, transformation, and output is documented and accessible.

Data Sources
All underlying data comes from public federal sources: FRED (Federal Reserve Bank of St. Louis), BLS (Bureau of Labor Statistics), NY Fed Household Debt, MBA National Delinquency Survey, and U.S. Courts PACER. No proprietary or paywalled data enters the composite score.
Methodology
Hazen percentile normalization, computed per series over its entire available quarterly history. One yardstick: no regime splits, no baseline window, no winsorization. Each domain score is the mean of its members' percentiles. The composite is the mean of the five domain scores, each weighted 20%. Five equal bands run from Minimal to Severe. Full methodology: /methodology/.
Historical Coverage
The published series runs 2005-Q1 to 2025-Q4 — 84 quarters on a single yardstick. The published history holds the global financial crisis at its peak: the index tops out at 85.3 in 2009-Q3. The other end of the range is the stimulus-era trough, 15.7 in 2021-Q4.
Leading Indicator Evidence
Cross-correlation analysis confirms Buffer Depletion leads Debt Stress by 9 quarters with r = 0.69. A systematic scanner validated 6 additional leading relationships across multiple crises. Analysis: leading-indicator evidence. Active projections: Structural Outlook.
Update Cadence
Fully automated indicators (FRED, BLS) update within 24 hours of source publication via GitHub Actions. Semi-automated indicators (press release parsing) update within 48 hours. All indicator JSON files include last_updated timestamps.

Historical Series

The full quarterly ADI history is available via the ADI API endpoint. Each observation includes the quarter, composite, band, band label, all five domain scores, and the member percentiles behind them. This data can be used to reproduce the published series end to end, decompose any quarter by domain, or extend the analysis.

Leading Indicator Research

Beyond tracking current conditions, the ADI research pipeline systematically tests all pairwise indicator combinations for statistically validated leading relationships. A five-filter pipeline identifies cases where one indicator consistently precedes another by multiple quarters across multiple economic crises.

57,000+
Pairs Tested
5
Validation Filters
0
Fully Validated

Validated Leading Relationships

Scanner has not yet been run. See the Structural Outlook page for current status.

Additionally, the foundational Buffer Depletion → Debt Stress relationship (9 quarters with r = 0.69) was validated manually. Full analysis: What the Savings Rate Told Us Nine Quarters Before the Last Crisis.

API Access

GET
/api/research/leading-indicators.json

All validated leading relationships with correlation coefficients, lag periods, Granger causality statistics, and out-of-sample validation metrics.

curl https://americandefault.org/api/research/leading-indicators.json

Python Example

import requests # Fetch leading indicator research resp = requests.get("https://americandefault.org/api/research/leading-indicators.json") data = resp.json() # List validated pairs for pair in data["validated_pairs"]: leader = pair["leader"]["name"] follower = pair["follower"]["name"] lag = pair["lag_quarters"] r = pair["correlation"] print(f"{leader} → {follower} ({lag}q lag, r={r:.2f})")

Active structural projections based on these relationships are tracked on the Structural Outlook page. The Leading Indicator Discovery article provides the full cross-correlation methodology.

Cite This Data

Suggested Citations

APA (ADI composite):

American Default Research. (2026). American Distress Index [Data set]. https://americandefault.org/adi/

APA (individual indicator):

American Default Research. (2026). [Indicator name] [Data set]. https://americandefault.org/indicators/[slug]/

BibTeX:

@misc{adi2026, title={American Distress Index}, author={{American Default Research}}, year={2026}, url={https://americandefault.org/adi/}, note={Composite household financial distress index}}

Citation Tools

  • Per-indicator citations: Every indicator page has a "Cite" button generating APA, MLA, Chicago, and BibTeX formats
  • Bulk citation widget: The press page has a dropdown selector for all 88 indicators with formatted citations
  • BibTeX files: /citations/{slug}.bib for any indicator — import directly into Zotero, Mendeley, or EndNote
  • RIS files: /citations/{slug}.ris — compatible with all major reference managers
  • Printable summary: The ADI one-pager provides a print-friendly reference with the current score and citation block

Attribution for Underlying Data

The ADI composite score, component analysis, and editorial content are original work by American Default Research. When citing specific government statistics (e.g., the personal savings rate), also cite the original agency:

U.S. Bureau of Economic Analysis, Personal Saving Rate [PSAVERT], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/PSAVERT, March 2026.

Research Contact

Ross Kilburn
Founder & Lead Analyst

Available for research collaboration, custom data requests, methodology questions, and speaking engagements. We respond to all academic inquiries within 48 hours.

Related Resources

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