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…
After two years of relative frugality caused by the financial crisis, Americans are again borrowing in a big way. Consumer spending is surely good for the economy, but have Americans learned any lessons about loading up on red …
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…
Consumer credit unexpectedly rose by $2.1 billion in September, at an annualized rate of 1.1%, to $2.412 trillion, the U.S. Federal Reserve announced Friday. But the rise was only a partial victory for those who argue that credit expansion is required …
Credit card use plunged for the sixth straight month in July, with total consumer debt falling by $3.6 billion, or 1.75%, the U.S. Federal Reserve announced Wednesday.
Continue reading U.S. Credit Card Use Fell…