Before the Great Recession, U.S. consumer debt had risen fairly steadily for more than a decade. With the downturn, it finally dropped…until December’s small rise. However, a longer look at the trend of ever-rising debt shows…
The bank now say positive trends in consumer spending, employment and the stock market will likely boost U.S. economic growth higher than the 3% most analysts had previously predicted. Deutsche’s chief equity strategist is pred…
Equifax has ranked the U.S. metropolitan areas that are still suffering the most from high credit card debt, and found the majority of the areas with the highest debt-to-income ratios are located in six states. But the six migh…
U.S. shoppers piled up the presents under their Christmas trees, but retailers were still a bit disappointed. The Commerce Department’s official tally shows what many suspected: Consumers did most of their holiday buying early …
Retail sales have perked up, but consumers aren’t resuming their old habit of using credit cards to splurge on gifts. According to a new poll, more than half of American adults say they’re sticking with cash this holiday shoppi…