All articles tagged Economy (6)

NY Fed Study Shows Increased Consumer Credit Access

NY Fed Study Shows Increased Consumer Credit Access

Every four months, the Federal Reserve Bank of New York releases its Survey of Consumer Expectations, which includes a fascinating appendix addressing credit access. The Fed surveys about 1,300... read more »

America’s 21 Least Indulgent Metropolitan Populations

America’s 21 Least Indulgent Metropolitan Populations

With Easter right around the corner, millions of people around the globe are celebrating the end of Lent, the practice of abstaining from indulging one or more vices for 40 days straight. We... read more »

5 Reasons the Credit Card Industry is Booming Right Now

5 Reasons the Credit Card Industry is Booming Right Now

After a tumultuous few years of consumer cutbacks, new regulations and debt charge-offs, U.S. credit card issuers are now looking at a much brighter future. Profits from the major industry... read more »

Using Credit Cards May Cause a Rise in Gas Prices

Using Credit Cards May Cause a Rise in Gas Prices

At least one recent report shows an increase in the use of credit cards in paying to fill up our gas tank may be causing a rise in gasoline prices. With fewer people carrying cash and almost all... read more »

Why Credit Card Companies Love the Subprime Market Right Now

Why Credit Card Companies Love the Subprime Market Right Now

According to new data released in Equifax’s National Consumer Credit Trends Report, new credit growth for bank and retail-issued cards is now strongest among subprime borrowers (those with credit... read more »

Economic Recovery Partially Fueled by Higher Credit Card Debt

Economic Recovery Partially Fueled by Higher Credit Card Debt

The American economy is slowly recovering as American consumers are starting to shop again. However, a large part of this extra spending is coming from higher credit card debt rather than a... read more »