Household Debt Payments Reach Lowest Mark In 30 Years

What's Next In Payments®
3:36 PM EDT December 26th, 2012

U.S. households spent just 10.6 percent of their after-tax income on debt payments in Q3 2012, marking the lowest percentage since 1983.

With the addition of other non-debt payments, such as rent and car leases, and the percentage rises to 15.7. According to Money News, this also nears a 30-year low.

Read the full story here.

Also by This Author
What's Hot
Mobile Commerce
Blackberry’s Security Patents Attract Lenovo As A Potential Buyer
ABA Wants Team-Up To Tackle Security Issues With Retailers
Mobile Commerce
Square Swimming With Payments Sharks
Mobile Commerce
Is Webrooming The New Showrooming?
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Apple Pay Tracker
International iPhones Users May Have Found a Loophole to Apple Pay
B2B Payments
CabCharge Knocks Back Fleetcors Take-Over Attempt
Apple Pay Tracker
Apple Sold A Ton Of iPhones In Q3
B2B Payments
Boost Intercept Popularity Soars
View All Articles ››