Though many households are faltering on credit card and auto loan payments, wealthier Americans are keeping the spending metrics robust.
December sales figures showed spending was strong, but more consumers are using credit cards and buy now, pay later programs to finance purchases.
China has simplified some of its mobile payment app set ups to make it easier for visitors, but how easy are they to use?
A new report suggests that could dampen holiday spirits.
Delinquencies are up, especially for people with lower incomes and multiple types of debt, according to the New York Fed.
A strong labor market also means people feel more confident they’ll be able to pay the debt back.
That’s the biggest year-over-year increase in 20 years. Inflation is just part of the reason.
Planting is one thing, experts say. Maintaining a tree is a different story.
Credit card debt was down by $76 billion in the second quarter, the steepest decline in card balances since tracking started.
Even as retail sales growth is showing signs of stalling, consumers are continuing to borrow.
