debt

Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase.

Source: en.wikipedia.org

Consumer Expenditures Leap 9% in 2022 as ‘Everyday’ Spend Grows Faster Than Income
Consumer Expenditures Leap 9% in 2022 as ‘Everyday’ Spend Grows Faster Than Income
September 08, 2023  |  Economy

The year 2022 marked a continued emergence from the pandemic, and new data show just how much — and how fast — we spent our...

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How Consumers Have Learned to Live With Inflation
How Consumers Have Learned to Live With Inflation
September 01, 2023  |  Economy

Death and taxes are the only certainties in life, they say. And it seems we might add another certainty: inflation. By now, the worldwide spike...

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How Technology Is Easing the College Cost Conundrum
How Technology Is Easing the College Cost Conundrum
September 01, 2023  |  Loans

Student debt is top of mind as grads resume payments, but BNPL-like tuition installment plans can reduce the need for loans. The latest “B2B and...

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5 Things to Know About the US Consumer as Spending Outpaces Income
5 Things to Know About the US Consumer as Spending Outpaces Income
August 31, 2023  |  Consumer Finance

We’re spending money as fast as we can make it — and even faster, it seems. The latest government release from the Bureau of Economic...

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Retail Earnings Reports Signal Shopper Hesitancy Going Into Holiday Shopping Season
Retail Earnings Reports Signal Shopper Hesitancy Going Into Holiday Shopping Season
August 31, 2023  |  Economy

Merchants focused on nonessentials are restrategizing as shoppers predict a long way until inflation’s end. Recent earnings released by retailers may reflect consumers’ true attitudes...

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Tech Shifts Student Loan Conversation From Loans to Installment Payments
Tech Shifts Student Loan Conversation From Loans to Installment Payments
August 31, 2023  |  Loans

In the wake of the Supreme Court’s decision to block the federal student loan forgiveness plan, many of Generation Z’s recent college graduates will make...

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FinTechs Throw Lifeline to Subprime-Borrowing Consumers
FinTechs Throw Lifeline to Subprime-Borrowing Consumers
August 28, 2023  |  Loans

Consumers with low credit scores may find assistance in their uphill battle toward greater financial security. Financial stumbles may have long-lasting impacts on consumers whose...

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Fed Data Shows Pressure Building in Consumer Lending
Fed Data Shows Pressure Building in Consumer Lending
August 24, 2023  |  Debt

The Federal Reserve’s latest data on how loan performance at all banks is faring found pockets of resilience — and, perhaps, pockets of concern. Household debt has...

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Biden Administration Unveils Student Loan Repayment Plan
Biden Administration Unveils Student Loan Repayment Plan
August 22, 2023  |  Loans

The Biden Administration has unveiled a student loan repayment initiative that is set to benefit over 20 million borrowers. The Saving on a Valuable Education...

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