Average Credit-Card Debt Soars By 13%, Largest Increase Since 1999
By Bryan Jung The average credit card debt held by households in the United States surged by 13 percent in the second quarter, the largest increase in…
Consumer
Major US Retailers Warn: Lower-Income Consumers Are In Trouble
By Tyler Durden President Biden and his top advisers have been adamant that the consumer is exceptionally strong this summer despite the economy slumping into…
A Storm Of Indicators Show The US Consumer Is Tapped Out
By Tyler Durden The US economy is a 70% retail and service economy, which means it is entirely reliant on continued growth in domestic consumption…
The State Of The US Consumer: AT&T Crashes As Americans Can’t Afford To Pay Their Phone Bills
By Tyler Durden Shares of AT&T fell on Thursday after CEO John Stankey said that customers are starting to put off paying their phone bills…
83% Of Americans Cut Back On Spending As Economy Careens Towards Crisis, Poll Finds
By Tyler Durden US consumer sentiment and confidence have deteriorated for households amid slowing economic growth and persistently high inflation that suggests stagflation. A new…
Inflation Storm Devastates US Households As Fuel, Power And Food “Become Unaffordable”
By Tyler Durden The latest inflation figures are due on Friday and will reveal if consumer prices are signaling a peak or will remain at…
Shocking Consumer Credit Numbers: Everyone Maxing Out Their Credit Card Ahead Of The Recession
By Tyler Durden While it is traditionally viewed as a B-grade economic indicator, the April consumer credit report from the Federal Reserve was another shocker…
Here Are 11 Statistics That Show How U.S. Consumers Are Faring In This Rapidly Deteriorating Economy
By Michael Snyder Prices are soaring, there are widespread shortages of certain items such as baby formula all over the nation, and at the same…
US Middle Class Is Shutting Down As Spending By The Rich Remains Robust
By Tyler Durden After dismal earnings by such mammoth retailers as Walmart, Target and this morning’s “horror report” by Abercrombie and Fitch, on Tuesday afternoon…
Shocking Consumer Credit Numbers: Everyone Is Maxing Out Their Credit Card Ahead Of The Recession
By Tyler Durden While it is traditionally viewed as a B-grade indicator, the March consumer credit report from the Federal Reserve was an absolute shocker…
Another State Considering a Consumer Data Protections Bill
By B.N. Frank Americans are becoming more concerned about all the personal data that is being collected on them – and their kids – and…
“Extraordinary” — US Consumer Prices Soar At Fastest In Over 40 Years
By Tyler Durden Having warned the world to expect “extraordinarily elevated” levels of inflation due to “Putin’s Price Hike,” the White House is likely in…
Consumers Ditch Brand Names For Generic Food As Inflation, Shortages Hit Supermarkets
By Tyler Durden U.S. consumers’ loyalty to brand names at supermarkets is quickly evolving as they try new grocery products amid snarled supply chains and…
US Producer Prices Soar At Double Digits For First Time
By Tyler Durden Following the far-hotter-than-expected CPI print, analysts expected Producer Prices to extend their acceleration, and they did rising 10.0% YoY in February (vs…