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 much debt do Americans have?

A strong economy has led to record levels of borrowing.....»»

Category: topSource: moneycentralApr 3rd, 2019

Millennial Money: There"s more than 1 way to slay a debt

The saying that debt is easy to get into and hard to get out of hits home for younger Americans: At the end of 2018, 18- to 29-year-olds carried over $1 trillion in debt, according to the Federal Reserve......»»

Category: topSource: foxnewsMar 26th, 2019

Jobless rate hits record low for Hispanic Americans

The unemployment rate for most major demographic groups fell in February, with the rate for Hispanic and Latino Americans hitting a record low of 4.3 percent......»»

Category: topSource: foxnewsMar 8th, 2019

Average New Car Payment Hits Record High $545 Per Month

Two weeks ago, the NY Fed made waves in the finance community when it reported that a record 7 million Americans are delinquent on their auto loans. Of course, .....»»

Category: blogSource: zerohedgeFeb 28th, 2019

Government Is The Main Problem, Say A Record Number Of Americans

Authored by Jeffrey Tucker via The American Institute for Economic Research, Think of all the troubles in the world. Climate change. Student debt. Terrorism. Job insecurity. What’s the number one most mentioned problem, according to a .....»»

Category: blogSource: zerohedgeFeb 27th, 2019

Debt Crisis In America: A Record Number Of Americans Are Behind On Car Payments

Authored .....»»

Category: blogSource: zerohedgeFeb 13th, 2019

National debt hits record high of $22 trillion

The national debt has surpassed $22 trillion for the first time ever, and experts say that could hurt the economy. The 2017 tax cut bill and increased spending are the main reasons, CBSN's Reena Ninan reports......»»

Category: topSource: moneycentralFeb 13th, 2019

Southern States Struggle the Most With Credit Card Debt

Americans are increasingly using plastic over cash in the checkout aisle. According to the Federal Reserve, Americans have a record $1.04 trillion in credit card debt. The temptation to buy now and........»»

Category: blogSource: 247wallstJan 24th, 2019

Southern States Struggle the Most with Credit Card Debt

Americans are increasingly using plastic over cash in the checkout aisle. According to the Federal Reserve, Americans have a record $1.04 trillion in credit card debt. The temptation to buy now and........»»

Category: blogSource: 247wallstJan 23rd, 2019

The Wall Street Journal: iHeartMedia gets approval to emerge from bankruptcy

A bankruptcy court judge on Tuesday confirmed iHeartMedia Inc.’s restructuring plan that allows the company to slash its debt load and hand over control to a group of bondholders......»»

Category: topSource: marketwatchJan 22nd, 2019

Economic Report: Trade deficit hits 10-year high as Americans snap up imports and China shuns soybeans

The trade deficit rose 1.7% in October to a 10-year high amid a record shortfall with China, keeping the U.S. on pace to record the largest gap in a decade......»»

Category: topSource: marketwatchDec 6th, 2018

Thomas Cook CDS hits record high on growing debt worries; shares sink

The cost of insuring debt issued by Thomas Cook against default hit a record high and its corporate debt tumbled on Tuesday as worries about the travel operator's debt deepened following its second profit warning in as many months last week......»»

Category: topSource: reutersDec 4th, 2018

US Household Debt Hits Record $13.5 Trillion As Delinquencies Hit 6 Year High

Total household debt hit a new record hig.....»»

Category: blogSource: zerohedgeNov 16th, 2018

Jobless rate for Hispanic Americans hits record low

The unemployment rate for Americans of Hispanic or Latino ethnicity fell to 4.4 percent in October, the lowest recorded level for this group since 1973......»»

Category: topSource: foxnewsNov 2nd, 2018

Preparing For The Bust: Investors Load Up On Record Leveraged Loan ETF Shorts

As investors have continued to shy away from both conventional investment grade and high yield debt, interest in leveraged loans has exploded in recent years - a result of their floating rate interest which keeps up with rising Fed Fund rates within a la.....»»

Category: blogSource: zerohedgeNov 1st, 2018

Americans now have the highest credit-card debt ever

Americans credit card debt has just hit a disturbing record of $1.02 trillion according to the federal reserve......»»

Category: topSource: moneycentralSep 27th, 2018

Capitol Report: Americans owe more money than ever, but no, they are not being crushed by debt

To hear some boobirds tell it, the booming economy might crumple soon because American households have taken on record debt. Here’s why no one should count on it......»»

Category: topSource: marketwatchSep 12th, 2018

US Consumer Credit Hits All Time High As Credit Card Usage Stalls

Two months after a near record surge in consumer credit driven by a spike in credit card debt, t.....»»

Category: blogSource: zerohedgeSep 10th, 2018

The economy is booming. But are Americans ready for the next recession?

What's changed since the financial crisis? As measured by Americans' debt load, not much. We owe more today than they did 10 years ago, even if how we spend our money has changed......»»

Category: topSource: latimesSep 9th, 2018

Average New Car Payment Hits Record High $525 Per Month

Automotive loan amounts and monthly payments continue to reach record highs, but US consumers seem unfazed. According to Experian's latest State of the Automotive Finance Market report, Americans are paying an all time high.....»»

Category: blogSource: zerohedgeSep 3rd, 2018