Consumer Debt

U.S. Consumer Debt Rises on More Car, School Loans

U.S. consumers borrowed more in November to buy cars and attend school, but stayed cautious with their credit cards. The Federal Reserve said Tuesday that consumers increased their borrowing in November by $16 billion from October to a seasonally adjusted record of $2.77 trillion.

Year-End Debt Checkup: Make Sure Yours Is Healthy Debt

Not all debt is created equal. And even in today's low interest rate climate, too much of the wrong kind of debt can quickly snowball. So as you consider your overall financial picture, make sure you only take on healthy debt -- and even then, only if you can afford it.

U.S. Consumer Borrowing Rises to Record $2.75 Trillion

Americans swiped their credit cards more often in October and borrowed more to attend school and buy cars. The increases drove U.S. consumer debt to an all-time high. The Federal Reserve said Friday that consumers increased their borrowing by $14.2 billion in October from September. Total borrowing rose to a record $2.75 trillion.

Putting Consumer Debt Into a Bigger Perpsective

Before the Great Recession, U.S. consumer debt had risen fairly steadily for more than a decade. With the downturn, it finally dropped...until December's small rise. However, a longer look at the trend of ever-rising debt shows that America is still extraordinarily overextended.

A More Bullish Forecast From Deutsche Bank

The bank now say positive trends developing in consumer spending, employment and the stock market will likely boost U.S. economic growth higher than the 3% most analysts had previously predicted. Deutsche's chief equity strategist is predicting a 23% rise in the stock market for 2011.

20 Metro Areas With the Worst Credit Card Debt

Equifax has ranked the U.S. metropolitan areas that are still suffering the most from high credit card debt, and found the majority of the areas with the highest debt-to-income ratios are located in six states. But the six might not be the ones you'd guess.

Retail Sales: November Stole the Show from December

U.S. shoppers piled up the presents under their Christmas trees, but retailers were still a bit disappointed by their holiday haul. The Commerce Department's official tally shows what many suspected: Consumers took care of most of their shopping in November this year.

Holiday Shoppers Keep Their Plastic in Their Pockets

Retail sales have perked up in November and December, but consumers aren't resuming their old habit of using credit cards to splurge on gifts. According to a new poll, more than half of American adults say they're sticking with cash this holiday shopping season.

Consumer Debt Jumps, But Credit Card Use Falls

U.S. consumers appear to be getting bit less frugal: The amount of consumer credit in use unexpectedly rose in October for the second straight month. But the whole rise came from non-revolving debt, which includes auto loans and personal loans, while revolving debt, which includes credit cards, plunged.

U.S. Growth to Lag Behind Developing World in 2011

The world economy is poised for more of the same in 2011 -- booming growth in China, India and Brazil, and a sluggish crawl in the U.S. and much of the rest of the developed world. Here are the five most important factors driving expectations for sluggish economic growth in the U.S.:

Top Economists See Consumers Rebounding Faster

Forget the gloomy predictions: According to Richard Berner of Morgan Stanley, U.S. consumers are a year ahead of schedule in repairing their household balance sheets, giving them the ability to start spending again soon. And the head of the IMF was explicit Monday: A double dip is unlikely.

Who has the money in the U.S.A.?

"Follow the money," said Deep Throat in the movie All The President's Men. This set us to wondering just where the money is in the U.S.A.? Luckily,...

U.S. Credit Card Balances Drop Again

There's no doubt that Americans are getting serious about paying down credit-card balances and other debt. The era of the more frugal U.S. consumer continued in December as total consumer debt fell by $1.73 billion, marking the 11th straight monthly decline.

Late loan payments hit a record high

The American Bankers Association reports that late loan payments in the third quarter of 2008 reached their highest level since the group began...