consumer credit

Debt Pay-Down Resumes: Consumer Credit Fell in Feb.

American consumers returned to their frugal ways in February, when total consumer debt plunged unexpectedly by $11.5 billion, the Federal Reserve said. January was the first month in a year during which consumer debt rose, and the decline is putting a drag on the U.S. economic recovery.

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.

Credit Card Debt Falls for Record 10th Month

Just call it the credit card sound of silence: Americans reduced their credit card balances for a record 10th straight month in November, the U.S. Federal Reserve announced Friday.

Good news? Holiday spending to be flat

Holiday sales are expected to be flat in the United States this year. This is an improvement over last year, when holiday sales dropped 2.4 percent....