Consumers that added $1.3 trillion to their savings last year are not the ones who owe $1 trillion on their credit cards.
Dream of 3% economic growth remained a dream despite surge in government borrowing and spending.
Student enrollment has dropped 11% since 2011 while student-loan balances have surged 74%. Why?
The stunning decline of men in the student headcount.
“The high household debt load is the most important risk facing the financial system.”
Rising first-payment defaults and 60-day delinquencies, which are “leading indicators,” caused the retailer to become “prudent.” Shares plunged 33%.
And a special word on apparel sales, as a sign of our times.
An arcane device that impacts so much and papers over the struggles many Americans face in a world that’s becoming increasingly unaffordable for them
These are the good times, but why are subprime credit cards, auto loans, and short-term installment loans blowing out?
The fear that today’s negative or low interest rates render central banks helpless in face of the next economic crisis.