Stories Tagged as
Credit card debt
Despite rising interest rates, consumers increased their spending in July
Aug 31, 2023
But what they're spending their money on is shifting.
Why do consumers keep on spending — even when they don't have the cash?
Aug 14, 2023
Households feel their finances have been improving, the New York Fed says. But Americans appear to be racking up more credit card debt.
Inflation, high interest rates, and access are all part of credit card debt exceeding $1 trillion
Aug 9, 2023
A strong labor market also means people feel more confident they'll be able to pay the debt back.
Consumer confidence is rebounding. Here's why.
Jul 26, 2023
The University of Michigan's consumer sentiment index is up 40% over last year, aided by moderating inflation and job market strength.
Americans have almost $990 billion in credit card debt
Jun 9, 2023
But with interest rates high and wage growth slowing, that level of spending is becoming unsustainable.
How a college credit card signup led to $20,000 in debt
by
Yanely Espinal
and Sean McHenry
Apr 24, 2023
Yanely Espinal, host of Marketplace's podcast "Financially Inclined," tells the story of taking on a financial responsibility she wasn't prepared for.
Inflation, high spending propels consumer debt up
Mar 9, 2023
Different types of consumer debt saw a substantial rise in January, according to the Federal Reserve.
For public good, not for profit.
Credit card debt is rising. Again.
Feb 20, 2023
Card debt, which fell during the pandemic, is at a record $986 billion, according to the New York Fed. Delinquencies are rising too.
Americans’ use of credit is growing, but slowing
Feb 8, 2023
In 2022, consumer credit increased 7.8% from the year before. But in December, the growth in borrowing decelerated.
Study details young people's struggles to keep pace with debt payments
Dec 16, 2022
About 20% of young adults with a credit report have debt in collections, report shows. As a group, they may face higher borrowing costs.