Credit Cards

January 22, 2018

Credit Card and Second Mortgage Defaults Spike

Default rates in second mortgages and bank cards rose notably in December, suggesting consumers are having trouble managing increased spending.  The second mortgage default rate climbed […]
January 17, 2018

Credit Card Debt Is Back to Pre-Recession Level

Last month, the Consumer Financial Protection Bureau reported that outstanding consumer credit card debt last year had surpassed the peak set during the recession.  Credit card […]
January 16, 2018

Consumer Confidence Near 17-Year High

Americans ended 2017 feeling very good about the economy.  Consumer confidence hit 122.1 in December, slightly below the 17-year high set in November, 128.6, according to […]
January 3, 2018

Hurricanes Weigh on Consumer Confidence

Americans became less confident in the economy after Hurricane Harvey and Hurricane Irma swept across Florida and South Texas, according to the Survey of Consumers conducted […]
January 3, 2018

Best and Worst States for Consumer Credit Scores

Consumer credit varies nationally due to regional variations in income and the cost of living.  According to a new study from LendEDU and Experian, the Northeast […]
December 24, 2017

A Jolly Holiday: Spending Up 3.6% This Season

Consumers are getting into the holiday spirit with plans to spend more this year than any previous year, according to an annual report by the National […]
December 23, 2017

Retailers Have Strongest Holiday Sales in 7 Years

With just two shopping days until Christmas, upbeat US consumers are spending their way to the best retail holiday shopping season in 7 years.  But shoppers will […]
December 22, 2017

2017 Holiday Tipping Guide: How Much, and to Whom

Between shopping for gifts, wrapping, baking, booking travel, and buying enough groceries to feed all your houseguests, it’s easy to forget about one other holiday-related cost: […]
December 21, 2017

Consumer Optimism Down Before the Holidays

Consumers grew slightly less optimistic headed into the holidays, however optimism still remains at historical highs, according to the Survey of Consumers conducted by the University […]