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Red flags emerge as Americans" debt load hits another record

Some red flags emerged for the U.S. economy late last year as credit card inquiries fell, student-loan delinquencies remained high and riskier borrowers drove home automobiles, according to a report that could signal a downturn is on the horizon......»»

Category: topSource: reutersFeb 12th, 2019

How to Unload Your Debt Burden

(TNS)—Americans’ debt load has risen nearly 23 percent since 2013—despite record stock gains and low unemployment—and that .....»»

Category: realestateSource: rismediaJun 27th, 2019

Upgrade: A shocking number of Americans don’t know whether they have credit card debt or not

This comes as credit card debt hits new record highs.....»»

Category: topSource: marketwatchJun 27th, 2019

Dow hits new record as Americans receive latest round of stimulus checks

US stocks rose as investors cheered the passage of the stimulus bill. Bitcoin retreated after reaching a record high above $61,000 over the weekend. Traders with masks work on the first day of in-person trad.....»»

Category: topSource: businessinsiderMar 15th, 2021

Dow hits another record ahead of final trading day of 2020

The Dow Jones Industrial Average climbed to record highs Wednesday after Treasury Secretary Steven Mnuchin said direct payments to Americans would begin immediately and as U.K. regulators approved a second COVID-19 vaccine for emergency use......»»

Category: topSource: foxnewsDec 30th, 2020

US Consumer Credit Unexpectedly Crashes As Americans Repay A Record Amount Of Credit Card Debt

US Consumer Credit Unexpectedly Crashes As Americans Repay A Record Amount Of Credit Card Debt Heading into today's consumer credit print we already learned last week that in.....»»

Category: blogSource: zerohedgeMay 7th, 2020

Consumer debt hits a record $14.3 trillion

Household debt balances through March totaled $14.3 trillion, a 1.1% increase from the previous quarter and now $1.6 trillion clear of the previous nominal high of $12.7 trillion in the third quarter of 2008 during the financial crisis,.....»»

Category: dealsSource: nytMay 5th, 2020

Consumer debt hits a record $14.3 trillion

Household debt balances through March totaled $14.3 trillion, a 1.1% increase from the previous quarter and now $1.6 trillion clear of the previous nominal high of $12.7 trillion in the third quarter of 2008 during the financial crisis,.....»»

Category: dealsSource: nytMay 5th, 2020

Virgin Australia enters voluntary administration with aim to recapitalise

Virgin Australia Holdings Ltd said on Tuesday it entered voluntary administration to recapitalise the business and emerge in a stronger financial position after being battered by the coronavirus crisis and a high debt load......»»

Category: topSource: reutersApr 20th, 2020

"Unsustainable": Mexico"s Pemex buckling under crushing pension debt

Straining under a massive debt load and at risk of a ratings downgrade, Mexican state oil company Petroleos Mexicanos (Pemex) was hit with a record jump in its pension liabilities last year as more workers retired on generous benefits......»»

Category: topSource: reutersMar 6th, 2020

This Is How Americans Paid For That Record Holiday Spending: Credit Card Debt Exploded In December

This Is How Americans Paid For That Record Holiday Spending: Credit Card Debt Exploded In December There was something strange in last month's consumer credit data.....»»

Category: blogSource: zerohedgeFeb 7th, 2020

Analysis: The world is drowning in debt

The world's already huge debt load smashed the record for the highest debt-to-GDP ratio before 2019 was even over......»»

Category: topSource: moneycentralJan 14th, 2020

Americans’ near-record levels of credit card debt help bolster banking industry

A record 182 million Americans have credit cards, compared with 147.5 million in 2010, according to TransUnion, and are carrying more than $1 trillion in debt......»»

Category: topSource: washpostDec 27th, 2019

Near-record levels of credit card debt bolstering U.S. banking industry

A record 182 million Americans have credit cards, compared with 147.5 million in 2010, according to TransUnion, carrying more than $1 trillion in debt......»»

Category: topSource: washpostDec 27th, 2019

Americans’ near-record levels of credit card debt bolstering banking industry

A record 182 million Americans have credit cards, compared with 147.5 million in 2010, according to TransUnion, carrying more than $1 trillion in debt......»»

Category: topSource: washpostDec 26th, 2019

Americans" credit card debt poised to reach 10-year hgh

Americans are projected to fall seriously behind on their credit card bills at the highest rate in a decade as banks push a record number of people to get plastic......»»

Category: topSource: moneycentralDec 12th, 2019

Americans" souring credit card debt poised to reach 10-year high

Americans are projected to fall seriously behind on their credit card bills at the highest rate in a decade as banks push a record number of people to get plastic......»»

Category: topSource: moneycentralDec 12th, 2019

Corporate America"s debt load is nearing $10 trillion, a record 47% of the overall economy — and experts around the world are sounding the alarm

Justin Sullivan/Getty Images US corporate debt has swelled to nearly $10 trillion, according to data recently cited by the Washington Post. That comes out to roughly 47% of the overall economy, whi.....»»

Category: topSource: businessinsiderDec 2nd, 2019

Americans now have a record $14 trillion in debt

US households are now sitting on a record $14 trillion in mortgages, credit cards, student loans and other forms of debt......»»

Category: topSource: moneycentralNov 13th, 2019

Why more employers are helping workers pay off student loans

Americans owe a record $1.5 trillion in student debt, a burden that can hinder goals such as homeownership.....»»

Category: topSource: moneycentralOct 30th, 2019

Why more employers are helping workers pay off student loans

Americans owe a record $1.5 trillion in student debt, a burden that can hinder goals such as homeownership.....»»

Category: topSource: moneycentralOct 30th, 2019