credit card debt

Millennials Have Less Assets Than The Prior Generation

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Many consumer confidence surveys depend on how people feel about their own lives since it’s what they know best. If they are asked about the economy, their answer probably tells us about their job prospects more than anything. Confidence is really high before recessions because that’s when the labor market…CONTINUE READING

Are You Paying For Your Neighbor’s Vacation?

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Financial security and stability have immense value just like any product or service. It can become a product as is the case with insurance. It’s clear financial stability has value, but how do we pay for it outside of insurance? The two most prominent ways we pay are through delayed…CONTINUE READING

Delinquencies & Savings Rate: Truth In Details

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Delinquency rates on credit cards are important because GDP is mostly driven by the consumer. If the consumer can’t borrow money to buy goods and services, a recession is in the cards. This is probably why the chart below has gone viral among the bearish investors. The delinquency rate on…CONTINUE READING

Total Credit Card Debt Is Increasing

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Studying the health of the consumer is very difficult because there are so many stats which show different results. In fact, sometimes the same study can show support for opposing conclusions. Let’s start by looking at the negatives, one of which is total credit card debt. As you can see…CONTINUE READING

Is The Consumer Healthy Or Indebted?

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Dire Or Choosing Not To Save? The health of the consumer is a hotly debated topic because stats are cited that show a large percentage of Americans don’t have much saved for retirement, yet the unemployment rate which is not a perfect measurement is at 4.1% which indicates a healthy labor…CONTINUE READING

Credit Card Debt Highest Since 2008

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President Trump made a bold official promise of 4% GDP growth per year: “To get the economy back on track, President Trump has outlined a bold plan to create 25 million new American jobs in the next decade and return to 4 percent annual economic growth,” reads the White House…CONTINUE READING