Delinquency rates are unchanged, at least in the second quarter. But debt is still rising, indicating the pressures of recent and continued spending on credit cards, on new auto loans and new mortgages may tip those delinquencies higher. And in the meantime, in the effort...
The pressures of increased debt burdens are put in stark relief with the latest data from the central bank. And the burden is felt keenly among younger consumers, and lower-income households — which means the pinch is keenly felt within the paycheck-to-paycheck economy. To that...
Americans now owe $1.08 trillion in credit card debt, a trend being led by millennial consumers. That’s according to a report issued Tuesday (Nov. 7) by the Federal Reserve Bank of New York on household debt, which has reached $17.2 trillion, up from $16.5 trillion...
Brazil’s consumers and merchants have found themselves sinking deeper and deeper into debt. As Bloomberg News reported Sunday (May 28), 4 in 10 adults in Brazil are facing default, while overdue debts rose 18.4% last month from a year earlier. The country’s household debt has for...
August 06, 2024
Delinquency rates are unchanged, at least in the second quarter. But debt is still rising, indicating the pressures of recent and continued spending on credit cards, on new auto loans and new mortgages may tip those delinquencies higher. And in the meantime, in the effort to combat those interest payment pressures, might it be the […]
February 06, 2024
The pressures of increased debt burdens are put in stark relief with the latest data from the central bank. And the burden is felt keenly among younger consumers, and lower-income...
February 16, 2018
PepsiCo turned some heads with its quarterly earnings call announcement that it would take some of its tax reform windfall and reinvest it in improving the firm’s eCommerce efforts. According to PepsiCo CEO...
August 18, 2017
The economic world before the Great Recession and the world ten years hence are similar-looking — but in many ways fundamentally different — places. And if one is looking for...
November 13, 2024
New government data shows American consumer debt continuing to grow. The Federal Reserve Bank of New York’s Center for Microeconomic Data released its Quarterly Report on Household Debt and Credit Wednesday (Nov. 13), showing a slight uptick in total household debt during the third quarter, up 0.8% ($147 billion) to $17.94 trillion. “Although household balances continue to […]
November 08, 2023
Americans now owe $1.08 trillion in credit card debt, a trend being led by millennial consumers. That’s according to a report issued Tuesday (Nov. 7) by the Federal Reserve Bank...
May 28, 2023
Brazil’s consumers and merchants have found themselves sinking deeper and deeper into debt. As Bloomberg News reported Sunday (May 28), 4 in 10 adults in Brazil are facing default, while overdue...
May 05, 2020
Household debt has risen substantially in 2020 thus far, shooting up to $14.3 trillion, a number bypassing the height of the Great Recession by $1.6 trillion, according to a CNBC...
