Coming soon: The big credit squeeze
, the largest quarterly increase in 15 years, bringing the total household IOU in the U.S. to a record $16.5 trillion.
Delinquency rates, which determine a consumer’s inability to pay back debt in time, are increasing as well. But thanks to the pandemic, of 5,000 people shows people plan to buy an average of nine gifts this year compared with 16 last year. Total anticipated spending per household was $1,455, down from $1,463 a year ago.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coming Soon: The Big Credit Squeeze - Phoenix Business JournalAs the Federal Reserve tries desperately to bring down the rate of inflation, consumers are using a previously-used tactic to finance and offset higher costs – credit. The question is will they be able to pay back their debts?
Read more »
Every new SUV coming soonThinking of buying a new SUV? Well, before you do, you need to read our preview of the models going on sale in the next few months and years:
Read more »
Fed officials signal slower pace of interest rate hikes coming 'soon'Since Federal Reserve officials met earlier this month, economic data have shown moderate growth with some signs of slowing inflation amid a still strong labor market.
Read more »
Fed officials anticipate slower interest rate hikes coming 'soon,' minutes showFed policymakers could soon decrease the size of their interest rate hikes as they consider the lags of monetary policy and its effect on the economy.
Read more »
Klaytn Foundation Launches Klaytn Square Governance Portal in BetaKlaytn Square Governance Council is now live in beta, official release is coming soon
Read more »