consumer credit
The Federal Reserve has reported its consumer credit data for August. As the stimulus ran out, Americans used their credit a bit less than expected.
2 years ago
The instant recession from COVID-19 has put countless millions of Americans in a bad position so fast that they just did not have time to prepare for the recession, being locked down at home and...
2 years ago
The economy was looking great at the start of 2020 with higher wages, low unemployment and a very healthy consumer. It took less than 60 days for the stock market to begin its slide and less than 75...
2 years ago
Last Updated: 2 years ago
A credit report from this analyst notes that dividend cuts and dilutive capital raising efforts are not currently priced into the shares of some credit issuers.
2 years ago
The media loves making references of the current economy being compared to the great recession. After all, headlines with “recession” have been used to drive higher interest. One problem...
2 years ago
Lending money to friends and family often spawns unexpected and undesirable consequences.
3 years ago
Last Updated: 2 years ago
With the deficit in the United States now over $22 trillion, there may come a day when deficits and credit actually matter again.
3 years ago
Last Updated: 2 years ago
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 are also very...
3 years ago
Last Updated: 2 years ago
More than 70 million Americans have more credit card debt than they have in emergency savings, the highest rate in almost a decade.
3 years ago
Last Updated: 2 years ago
A Goldman Sachs and Apple joint credit card branded with Apple Pay could address priorities for both companies.
4 years ago
Last Updated: 2 years ago
U.S. housholds with credit card debt carry an average balance of nearly $16,000, in addition to mortgages, car loans and student debt totaling another $117,000 on average.
4 years ago
Last Updated: 2 years ago
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.
4 years ago
Last Updated: 2 years ago
Rising auto sales have also boosted the amount of money Americans have borrowed to pay for those cars. U.S. buyers now owe a total of $1.21 trillion on purchases of new and used vehicles.
4 years ago
Last Updated: 2 years ago
U.S. credit card debt rose by $33 billion in the second quarter of this year and is solidly on track to top $1 trillion by the end of 2017.
5 years ago
Last Updated: 2 years ago
Google fired the employee who wrote the widely reported anti-diversity memo, Tesla will raise $1.5 billion in debt, and more headlines.
5 years ago
Last Updated: 2 years ago