consumer

June 8, 2020

Consumer Confidence is Shattered

Consumer confidence has collapsed amid the coronavirus pandemic and isn’t getting a lift from states re-opening their economies, according to a new report. A Morning Consult […]
May 19, 2020

Credit Card Spending Down 40%

Spending on JPMorgan Chase & Co. credit cards plunged 40% for the average U.S. family at the start of the coronavirus slowdown, an “enormous” drop that […]
April 6, 2020

Visa Sees Sharp Decline in Consumer Spending – Even Online

Visa once again lowered its outlook for revenue growth in the fiscal second quarter, saying the coronavirus pandemic has led to a sharp decline in cardholders’ […]
March 9, 2020

Household Debt Tops $14 Trillion Reaching New Record

American households added $193 billion of debt in the fourth quarter, driven by a surge in mortgage loans, and overall debt levels rose to a new […]
March 6, 2020

Coronavirus, Election Uncertainty May Impact New Vehicle Sales

TrueCar, Inc.’s data and analytics subsidiary, ALG, project total new vehicle sales will reach 1,373,516 units in February 2020, up 0.2% from a year ago when […]
March 4, 2020

Average FICO Score Reaches All-Time High

The average U.S. FICO score hit a record high of 703 in 2019, driven by Americans in their 30s, as a strong labor market helped people […]
March 3, 2020

New Home Sales at Highest Level Since July 2007

Single-family home sales rose 7.9% to a 764,000 annualized pace in January, exceeding the median estimate in a Bloomberg survey.  The December figure was also revised […]
February 25, 2020

Looser Underwriting May Lead to Jumbo Loan Defaults

Higher home prices play a double-edged sword, reducing affordability and contributing to lenders’ deciding to ease underwriting. However, they can also help delinquent borrowers become current […]
February 24, 2020

Auto Origination Volume Jumped in 3Q2019

Auto loan origination volume continues to increase despite affordability concerns overshadowing the industry, according to TransUnion’s Q4 2019 Industry Insights Report.  In fact, auto originations grew […]