Credit Cards

December 10, 2019

Household Debt Spikes to Record $14 trillion

U.S. household debt rose to a record $14 trillion in the third quarter, led by an increase in mortgage loans, according to the Federal Reserve Bank […]
November 19, 2019

Consumer Spending Slows, Economy Losing Momentum

U.S. consumers are doing fine, but they don’t look like the force they were earlier in the year.  Retail sales rose 0.3% in October from a […]
November 15, 2019

Two-Thirds of Adults Fear a Recession in 2020

Whether a recession is on the horizon or not is anyone’s guess.  However, according to the latest CNBC Invest in You survey, two-thirds of respondents think […]
November 13, 2019

Banks Tighten Standards on Credit Cards

Banks are tightening their standards on credit card loans in the third quarter, out of concern with the more uncertain economic outlook, according to the latest […]
October 31, 2019

Halloween Spending to Reach $8.8 Billion

Consumer retail spending around Halloween is expected to be high but fall slightly short of last year’s total, according to the latest survey from the National […]
October 22, 2019

Businesses Struggle to Secure Credit

Small and mid-sized businesses are having a harder time getting credit and that’s having an impact on their plans to hire.  Those are findings of a […]
October 15, 2019

US Household Finances Show Signs of Trouble

US consumers are finding it increasingly difficult for their incomes to comfortably cover all expenses. This could mean that some will be unable to repay their […]
October 8, 2019

Consumer Credit Climbs Higher Than Expected

U.S. consumer credit increased more than forecast in August as school loans and other non-revolving debt rose by the most in three years. Total credit climbed […]
September 24, 2019

Most Americans Anxious AboutTheir Debt

Adults in the U.S. over the age of 18 say they have an average of $29,800 in personal debt (not including mortgages), and 15% of Americans […]