High consumer prices are one thing. Inflation has taken its toll on most household finances. But add high interest rates on top of soaring consumer debt, and the financial pressure increases even m…
High consumer prices are one thing. Inflation has taken its toll on most household finances. But add high interest rates on top of soaring consumer debt, and the financial pressure increases even more.Credit card balances increased $61 billion in the fourth quarter of 2022 to $986 billion, surpassing the pre-pandemic high, according to an analysis released by the Federal Reserve Bank of New York. It’s the most significant debt gain in the history of the New York Fed’s data, compiled since 1999.
In particular, the Fed noted that younger borrowers — in their 20s, 30s and 40s — were struggling to keep up with monthly payments: had a moderate or greater financial impact on 76% of respondents. And worries were mounting, particularly among women. might help boost your mood. A 2014 study published by the Journal of Consumer Psychology found that sadness was reduced when consumers made shopping choices — whether they bought something or not. You could develop a wishlist of things you might consider purchasing when money isn’t so tight.rather than against us. That’s the tendency to put off decisions or complicated choices. plan.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Fed’s Jefferson, Bullard defend current monetary policy, cite high inflationReuters came out with the statements from Fed Governor Philip Jefferson and St. Louis Fed President James Bullard during the weekend, who spoke at a m
Les mer »
Dollar hits 5-week high on inflation worries; lira drops, baht soarsThe U.S. dollar rose to a five-week high against major peers on Monday as the safe-haven currency benefited from inflation worries at home and growth concerns globally, extending gains after its biggest weekly increase since September.
Les mer »
Dollar rises to 5-week high on inflation worries; lira falls By Reuters*DOLLAR RISES TO 5-WEEK HIGH ON INFLATION WORRIES, DEBT CEILING IMPASSE $USD 🇺🇸🇺🇸
Les mer »
Dollar hits 5-week high on inflation worries; lira drops, baht soarsThe U.S. dollar rose to a five-week high against major peers on Monday as the currency benefited from inflation worries at home and growth concerns globally.
Les mer »
Household debt hit record $17T last quarter as inflation squeezes AmericansAmericans racked up more debt at the beginning of 2023 – and a growing number of households fell behind on payments for several types of loans, according to a new report.
Les mer »
Inflation drives dog food prices to record highs, study findsInflation changes everything: Today, “going to the dogs” is closer in meaning to “putting on the Ritz” amid skyrocketing costs for dog food.
Les mer »