U.s. Consumers Fall Behind On Loans At Record Pace

NEW YORK (Reuters) - Soaring U.S. unemployment and a shrinking economy drove delinquencies on credit card debt and home equity loans to all-time highs in the first quarter as a record number of cash-strapped consumers fell behind on their bills.

Topics:  york reuters     soaring u.s   consumers   loans   record   
BING NEWS:
  • Consumers are griping about economic pressures, but do their actions match their words?
    If consumer legal stress in Arizona and other battleground states stays muted, it could mean good news for President Joe Biden.
    05/5/2024 - 2:01 am | View Link
  • Pandemic Savings Are Gone: What’s Next for U.S. Consumers?
    U.S. household savings rose and fell at unprecedented rates following the onset of the pandemic recession. Updated estimates suggest that these excess savings have been fully spent. However, consumer ...
    05/3/2024 - 5:59 am | View Link
  • This week's personal loan rates rise for 3-year terms, fall for 5-year terms
    Rates on 3-year fixed-rate loans averaged 16.32%, up from 15.14% the seven days before and from 13.71% a year ago. Rates on 5-year fixed-rate loans averaged 19.07%, down from 20.46% the previous seven ...
    05/2/2024 - 7:13 am | View Link
  • Fed holds interest rates steady, gives no sign it will cut soon as inflation fight stalls
    The FOMC said that 'in recent months, there has been a lack of further progress' on lowering inflation to the Fed's 2% goal.
    05/1/2024 - 1:15 am | View Link
  • Marijuana reclassification would mean instant cash flow for Michigan dispensaries
    Rescheduling marijuana eliminates the IRS Tax Code 280E, which prevents individuals from writing off business expenses involved in the trafficking of narcotics translating to a 70% or sometimes higher ...
    04/30/2024 - 11:29 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More News