Stories Tagged as
Consumer debt
Consumer debt is becoming more of a burden
by
Justin Ho
Feb 7, 2023
Consumer debt levels have been rising. While wage gains have helped people pay off debt, those gains have been slowing down.
Consumer credit is up almost 7% since this time last year
Dec 8, 2022
Credit card balances alone were up 15% in the third quarter. Higher prices for necessities and higher interest rates are contributing factors.
Black Friday riddle: Consumers are financially stressed, but still spending
Nov 25, 2022
Their debt levels are rising as the holiday shopping season ramps up. It helps that unemployment is low.
Using coronavirus relief to pay down credit cards
Aug 6, 2020
Credit card debt was down by $76 billion in the second quarter, the steepest decline in card balances since tracking started.
Consumer spending rises, along with consumer debt
Aug 30, 2019
The U.S. Commerce Department delivered new evidence on Friday that the American consumer is helping to fuel economic growth.
U.S. household wealth hits record high
by
Ben Bradford
Jun 7, 2019
A new report from the Federal Reserve finds the net worth of American households and nonprofits reached almost $109 trillion.
Millennials, like Baby Boomers, struggle with lifelong debt
by
Janet Babin
Jan 21, 2019
A recent survey points out that one in 10 millennials thinks they will die in debt. Click the audio player above to hear the full story.
For public good, not for profit.
Household debt is at an all-time high as holiday spending season arrives
Nov 20, 2018
The total debt carried by Americans has reached yet another record high — $13.5 trillion in the last quarter, according to the Federal Reserve Bank of New York. Household debt is now $837 billion higher than its previous peak in 2008. What’s behind rising household debt, and is it something to be concerned about, especially […]
Save more or owe more?
Feb 22, 2018
With wages and incomes up, more Americans say they are saving for a rainy day. But it might be wiser to use the money to pay down debt. Marketplace’s Aaron Schrank explains. Click the audio player above to hear the full story.
Debt burden a worry for many Americans
by
Andy Uhler
Jan 12, 2018
The economy is ticking along and investors seem confident but a new report from Creditcards.com has some sobering findings. It says two out of three Americans with debt aren’t confident they’ll ever be able to fully pay it off. Click the audio player above to hear the full story.