Consumers across income levels, credit scores and generations have accumulated high levels of debt. In fact, credit card debt recently surpassed $1 trillion for the...
The United States economy’s heavy reliance on domestic consumption has become more relevant than ever, with consumer credit card debt breaking the $1 trillion mark...
Consumer sentiment is improving overall, with decreased expectations of inflation. According to the July 2023 Survey of Consumer Expectations released by the Federal Reserve Bank of New York’s Center...
With concerns over the banking system dominating the news after the collapse of Silicon Valley Bank and others, it can be easy to lose sight...
Credit offers consumers the flexibility to buy cars and houses and access college educations, yet data shows that 31% of U.S. consumers — about 80...
Trade credit has been around for decades and is less than efficient, with $3.1 trillion tied up in outstanding invoices. To grease the wheels of commerce,...
Microlending – or small loans (less than a few hundred dollars) – has become a popular, buzzed-about method of poverty relief over the last few...
For the 47 percent of Americans with prime credit scores, getting and using a credit card isn’t much of a problem. The problem, Petal co-founder and CEO...
The Federal Reserve Bank of New York painted a more optimistic picture of U.S. households, saying access to credit has improved at the same time...