New York City and San Francisco residents spend within their means. A LendingTree study looked at 50 U.S. cities based on credit use, debt balances and average household income.
By Independent Institute – In Puerto Rico, electrical power is solely provided to some 1.5 million households and businesses by the Puerto Rico Electric Power Authority (PREPA), which is a monopoly owned by the territory’s government. That matters because...
Australian Treasurer Scott Morrison says measures undertaken by regulators have put household debt issues under control.
The Student Loan Debt and Housing Report 2017 by the National Association of Realtors and the nonprofit group American Student Assistance shows that student debt delays household formation, home buying, and saving. The post Student Debt Delays Homebuying (32% Defaulted On or Forebore Their Student Debt) was originally published at The Wall Street Examiner. Follow the money!
By Michael Shedlock – The Student Loan Debt and Housing Report 2017 by the National Association of Realtors and the nonprofit group American Student Assistance show the obvious: Student debt delays household formation, home...
For every dollar of household disposable income in Canada there was $1.68 in credit market debt The post Household debt climbs to 167.8 per cent, says StatsCan appeared first on Macleans.ca.
When central bankers dropped interest rates during the financial crisis, finance ministers leaned too hard on household debt. That trend may finally be changing. The post After weathering the Great Recession, can Canada avoid a debt crisis? appeared first on Macleans.ca.
With all the attention going to political tensions between the USA and North Korea and the interest rate policies and monetary policies established by the various central banks around the world, we would almost forget to keep track of how the ‘real’ economy is doing. Show More Summary
This is, once again, apropos of nothing in particular. I just happened to come across it: Household debt wasn’t the driver of the financial collapse in the United States, but it certainly played a role. And since the Great Recession, households have delevered considerably, from 100 percent to about 80 percent. But in Canada, leverage […]
Corporations are just raking in the profits and sitting on them. The household sector, on the other hand, is a rolling catastrophe. Austerity has meant falling wages, less government spending on social services (or anything else), and higher de facto taxes. Show More Summary
This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here. The Federal Reserve Bank of New York released a study revealing that total household debt in the US has risen above recessionary highs. Show More Summary
U.S. data for household debt for 2Q 2017 is out at last, and the likes of Reuters and there best of the official business media are shouting over each other about the ‘record debt levels’ warnings. The post Year Eight of the Great American Recovery: Household Debt was originally published at The Wall Street Examiner. Follow the money!
From the NY Fed: Household Borrowing Grows Modestly; Credit Card Delinquencies RiseThe CMD’s latest Quarterly Report on Household Debt and Credit reveals that total household debt rose by $114 billion (0.9 percent) to $12.84 trillion in the second quarter of 2017. Show More Summary
The Imaginary Debt Crisis Is Here to Stay Household borrowing has reached new records. Big deal. Personal income has grown much more. Bloomberg, August 16, 2017 Now that we have surpassed 2008 highs in household debt, I guess we are due for a panic attack. Show More Summary
More on this later... The post Quarterly Report on Household Debt and Credit 2017:Q2 appeared first on The Big Picture.
While everyone is focusing on political issues, the NY Fed published a stunning report on the state of the US consumer. According to the NY Fed, the average US household has hit a new record for debt, surpassing the old record set at...Show More Summary
@TBPInvictus here: A recent column in the Washington Post – Consumer debt is at a record high. Haven’t we learned? – sounded the alarm on households’ revolving credit debt, which has just now modestly eclipsed its prior peak. The current level is about $1.02 trillion. Show More Summary
The Federal Reserve Bank of New York today issued its Quarterly Report on Household Debt and Credit, which reported that total household debt increased by $114 billion (0.9%) to $12.84 trillion in the second quarter of 2017. The post...Show More Summary
After we first reported last week that US credit card debt hit a new all time high with both student and auto loans rising to fresh records with every new report... ... it won't come as a surprise that according to the just releasedShow More Summary