Is Record-High Consumer Debt a Good or Bad Thing?
The Fed reported Monday that consumer credit rose in November 2017 at the fastest rate in two years and that month-over-month growth was the largest in 16 years.
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Severe Weather in 2017 Costs Americans $306 Billion
NOAA on Monday released data on the number of billion+ dollar weather events of 2017. The agency also noted that 2017 was the third-warmest year since record-keeping started 123 years ago.
Disappointing Payrolls Gain May Have a Silver Lining
One of the most important monthly economic releases is the Employment Situation report from the U.S. Department of Labor. This is one of the top measurements of a healthy economy,
Global Debt Tops $230 Trillion
The Institute of International Finance reported that global debt reached over $230 trillion at the end of the third quarter.
10 States Where the Most People Are Moving (and Leaving)
People are moving to small states and leaving large ones, according to a recently released study, due in part to new relocation habits of baby boomers.
How Fed Interest Rate Changes Will Affect Consumers in 2018
An expected three Fed interest rate hikes are on tap for 2018. If all three materialize they will affect how much a mortgage or car loan costs and how much interest you can earn…
How December’s Unemployment Report Could Set the Tone for 2018 Expectations
The markets are going to get their last employment situation report for 2017 on Friday, and the unemployment rate is expected to remain flat.
Americans Added $1,054 to Personal Debt This Holiday Season
Among Americans who went into debt this past holiday season, the average debt incurred was up 5% year over year to $1,054. Now it's payback time.
US Population Adds One Person Every 18 Seconds
The U.S. population will grow by more than 2 million people in 2017, cementing its place as the world's third most populous nation after China (1.38 billion) and India (1.3 billion).
Consumer Confidence Rapidly Peels Away From 17-Year Highs
The Conference Board has released its December reading on consumer confidence. After coming in with a rather strong reading in November, the index fell in December.
New York Area Property Taxes Soar as Questions About Discretionary Income Rise
While it is too early to tell, discretionary income in many areas around the nation could be curtailed and undermine consumer spending.
Russia Setting Rules for Cryptocurrency Miners
Russia is working on rules to regulate cryptocurrencies, mining, and coin offerings in the country. But will the rules keep the "crypto" part of what makes the new digital currencies popular?
Should Global Investor Confidence Really Still Be Shrinking?
State Street has released its Investor Confidence Index, which measures the global risk tolerance of institutional investors.
10 Financial Resolutions for the New Year
Making resolutions for the New Year often involves taking better care of ourselves, paying attention to exercise and diet. Keeping financially healthy is just as important.
Consumer Sentiment Dips in December but Remains Quite Positive for 2018
The University of Michigan's revised consumer sentiment reading for December showed a surprise downtick.