consumer credit

If You Loaned Money to Family or Friends, Don’t Count on Getting Paid Back

Posted: September 26, 2019 at 11:43 am

Lending cash to friends or family members ends badly about half the time. The lender either is not repaid or suffers damage to the relationship. Still, 60% of Americans have ...
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Evaluating the Trickle-Down Effect of Federal Funding Squeezes for States and Local Governments

Posted: September 18, 2019 at 1:05 pm

With the deficit in the United States now over $22 trillion, there may come a day when deficits and credit actually matter again. Until then, Europe and Japan are operating ...
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Consumer Credit Trends Looking Rather Bleak for a Strong Economy

Posted: May 7, 2019 at 3:32 pm

Economic release by the Federal Reserve, outside of the formal FOMC interest rate changes, may be boring on the surface. The flip-side to that is that the Fed's economic reports ...
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Growing Pains in America: Too Much Credit Card Debt vs Emergency Savings

Posted: February 13, 2019 at 10:25 am
Last updated: February 14, 2019 10:55 am

It really should be nothing new that too many Americans have far too little saved up for a rainy day. It also shouldn't be all that shocking to hear about ...
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Why Goldman Sachs and Apple Will Launch a New Credit Card

Posted: May 11, 2018 at 10:55 am

Goldman Sachs Group Inc. (NYSE: GS) and Apple Inc. (NASDAQ: AAPL) shocked the world when they announced that they are planning to introduce a new joint credit card. The duo ...
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Average US Credit Card Debt at $15,983

Posted: April 13, 2018 at 1:40 pm

Among U.S. households with credit card balances outstanding, the average debt is $15,983. Total U.S. credit card debt was $931 billion. All U.S. household debt totals $13.15 trillion, consisting of ...
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Is Record-High Consumer Debt a Good or Bad Thing?

Posted: January 9, 2018 at 8:25 am

The Federal Reserve issued its report on consumer credit Monday afternoon, and the news is that consumer credit rose in November 2017 at a seasonally adjusted annual rate of 8.8%. ...
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US Auto Loans Up 6% Year Over Year, Total Now $1.12 Trillion

Posted: December 8, 2017 at 12:45 pm

Whether U.S. consumers are purchasing a new or a used car, the odds are very high that an auto loan is involved. Some 85.5% of all new car buyers and ...
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US Credit Card Debt Takes Aim at $1 Trillion

Posted: September 11, 2017 at 7:55 am
Last updated: September 12, 2017 8:46 am

It's taken a little longer than originally estimated, but the total amount of U.S. consumer credit card debt is about to reach $1 trillion. At the end of last year, ...
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6 Most Important Things in Business Today

Posted: August 8, 2017 at 4:57 am

Alphabet Inc.'s (NASDAQ: GOOGL) Google fired the employee who wrote an anti-diversity memo. The document was widely circulated in by the press. Uber's chairman wrote a note to the company's staff ...
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Consumer Reports: These Credit Cards Offer Best Cash Back Deals

Posted: August 2, 2017 at 8:10 am

Over the past few years, the percentage of credit cards that offer cash back reward programs has doubled. About half of all credit cards now offer some cash back reward ...
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Consumer Credit Card Losses and Risks Growing at Major Banks

Posted: July 15, 2017 at 10:15 am

Some consumers feel ripped off at the notion of paying 18% interest rates, or even higher, on their credit cards. The issue isn't just about being gouged. Consumers tend to have ...
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Why Are Credit Scores About to Rise?

Posted: June 29, 2017 at 1:05 pm

Beginning this weekend, the three major credit bureaus will implement policy changes that in many cases will result in an increase in consumers’ credit scores. TransUnion, Equifax and Experian will ...
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Credit Card Defaults Hitting 4-Year Highs

Posted: June 20, 2017 at 12:15 pm

Whether an investor, a business owner or an average working person, every single one of us has to worry about the broad economic trends. We can all remember the pain ...
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As Household Debt Hits New Highs in 2017, Serious Delinquency Rates Are Rising

Posted: May 17, 2017 at 12:20 pm

The Federal Reserve Bank of New York has released its Household Debt and Credit Report for the first quarter of 2017. While the economy has been recovering and while things ...
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