Consumer News Even High Income Consumers Are Feeling Squeezed By Credit Card Debt

What Credit-Card Trends Tell Us About the U.S. Consumer, in Charts

But recent earnings reports from major card issuers such as JPMorgan Chase, Bank of America and Capital One show that spending growth remains robust, delinquencies are easing and some banks are ... Read More

The Resilience Of Consumer Spending In The U.S.

The Federal Reserve Bank of Boston had an interesting piece last month about the resilience of consumer spending, which is ~70% of GDP in the US. They looked at credit card spending data for low, ... Read More

Credit Card Time Machine: Americans Are Cutting Back Like 15 Years Ago

Credit card spending has dipped for the third time this year, according to recent data from the Federal Reserve. Credit card balances have also dropped 2.5% in the past 12 months, the largest decline ... Read More

Ohio’s young people struggle with credit card debt, new Fed analysis shows

The news comes as inflation continues to grow, consumer sentiment worsens, and student debt continues to balloon. Austin-based Upgraded Points studies ways consumers can maximize benefits from their ... Read More

Consumers' credit scores have dipped in 2025

FICO’s inaugural Credit Insights report shows U.S. credit scores dipping as inflation and student loan payments weigh on consumers. Gen Z faces the steepest declines, with student loan debt driving ... Read More

High Consumer Spending Hides Struggle For Low-Income Americans. How Budget Apps Can Help

With a background in journalism and counseling, Penny Min blends analytical research with real-world insight to help readers make informed financial decisions. At Forbes Marketplace, she specializes ... Read More

High-income spending surges while others pay the price

At the same time, spending gaps are widening. Bank of America data show that purchases by high-income households are growing four times faster than those by low-income families. Nearly half of U.S. Read More

Consumer Credit Cracks? Auto Loan Woes Signal A Bifurcated Economy

Recent stress in the auto finance space is raising early red flags for US consumer credit. While consumer spending has remained strong, especially in durable goods like autos, it may decelerate going ... Read More