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consumer debt

Is the economy in a recession? ‘What you call it is less relevant,’ says one economist: Here’s ‘what really matters’

March 18, 2024August 8, 2022
Recession obsession fears

There’s a lot of speculation lately about whether the U.S. is officially in a recession. Both President Joe Biden and Federal Reserve Chair Jerome Powell said we’re not there just yet, pointing to the strong labor market and rising wages. … Read more

Categories Economy Tags consumer debt, Fed, inflation

Credit Card Debt on the Rise

June 14, 2022June 14, 2022
US National Debt

The various handouts and moratoriums during the pandemic drove the personal savings rate down to World War II levels. Everything was closed – there weren’t many opportunities to spend. US consumers paid off a record … Read more

Categories Economy Tags consumer debt, credit card debt, US household debt

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