U.S. Savings Rate Dips as Demand for Consumer Loans Spikes
Household borrowing is on the rise again and the growth rate of consumption spending has been outpacing that of personal income since Q2 2009....
Tag: consumer debt
Americans Continue Slashing Credit Card Debt
The latest Federal Reserve data show that U.S. consumer credit card debt has fallen sharply in July, following another steep decrease in June....
Americans Keep Slashing Credit Card Debt, Racking up Student Loans
The post-Lehman trend of falling consumer credit card debt continued in the second quarter of 2012, but so did the student loan explosion....
Why Is U.S. Credit Card Debt not Growing?
The latest Federal Reserve data show that U.S. consumer credit card debt has fallen sharply in June, erasing all of the increase for the year to date....
U.S. Credit Card Debt up by Most since before Recession
The latest Federal Reserve data show that U.S. consumer credit card debt has risen by the biggest amount since before the Great Recession started....