Consumer Debt

Nearly Half of Consumers Who Tried to Increase Their Credit Scores Did
Nearly Half of Consumers Who Tried to Increase Their Credit Scores Did
October 24, 2023  |  Debt

Consumers across income levels, credit scores and generations have accumulated high levels of debt. In fact, credit card debt recently surpassed $1 trillion for the...

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High-Debt Consumers Average 14 Late Payments Every Year
High-Debt Consumers Average 14 Late Payments Every Year
October 06, 2023  |  Debt

The United States economy’s heavy reliance on domestic consumption has become more relevant than ever, with consumer credit card debt breaking the $1 trillion mark...

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Wall Street’s Caution and Downgrades Anticipate Student Loans’ Pinch on Consumer Spending
Wall Street’s Caution and Downgrades Anticipate Student Loans’ Pinch on Consumer Spending
September 18, 2023  |  Economy

Just a few weeks from now, federal student loan payments resume, ending a moratorium that had been in place since the onset of the pandemic...

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Fed Data Shows Overall Consumer Credit Slows but Revolving Debt Grows  
Fed Data Shows Overall Consumer Credit Slows but Revolving Debt Grows  
July 10, 2023  |  Consumer Finance

For the U.S. consumer, call it a case of digesting the debt that’s already on the books. To that end, the Federal Reserve said Monday...

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CFPB’s Chopra Warns of Consumer Credit Delinquency as Total Household Debt Hits $17 Trillion
CFPB’s Chopra Warns of Consumer Credit Delinquency as Total Household Debt Hits $17 Trillion
June 14, 2023  |  CFPB

At the latest hearing focused on the Consumer Financial Protection Bureau, things got heated even before Director Rohit Chopra uttered a word. At the Wednesday...

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40% of Brazilians at Risk for Debt Defaults
40% of Brazilians at Risk for Debt Defaults
May 28, 2023  |  Consumer Finance

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...

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NY Fed: Mortgage Originations Dropped, Debt Delinquencies Rose in Q1
NY Fed: Mortgage Originations Dropped, Debt Delinquencies Rose in Q1
May 15, 2023  |  Consumer Finance

Mortgage originations dropped and debt delinquencies rose during the first quarter. These trends happened as total household debt rose $148 billion, or 0.9%, in the...

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Paycheck-to-Paycheck Population May Surge as SNAP Benefits End and Student Loans Payments Resume
Paycheck-to-Paycheck Population May Surge as SNAP Benefits End and Student Loans Payments Resume
March 28, 2023  |  Connected Economy

Depending on the month, the roster of those of us living paycheck to paycheck is up a bit or down a bit. But through the...

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Food and Energy Inflation Data Hint at Disposable Income Pressure
Food and Energy Inflation Data Hint at Disposable Income Pressure
February 24, 2023  |  Economy

Inflation is making paying for basics of everyday life — food especially — harder to swallow. Earlier this week, PYMNTS reported that the cost of essentials...

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