Delinquency Rates Are Spiking! Has The Final Meltdown Of The U.S. Consumer Now Begun?
By Michael Snyder According to the New York Fed, total household debt in the United States increased by 212 billion dollars during the fourth quarter…
Consumer
U.S. Consumers Are Engaging In A Historic Debt Binge, And Delinquencies Are Ominously Rising…
By Michael Snyder Americans are going into debt as if tomorrow will never come, but of course tomorrow always arrives eventually. What we are witnessing…
“Particularly Risky” – BIS Reveals “Buy Now, Pay Later” Use Is Soaring Among Working Poor Youngsters
By Tyler Durden A new report by the Bank for International Settlements (BIS) shows that buy now, pay later (BNPL) adoption among young adults, particularly those with…
Black Friday 2023 Will Test Consumer Confidence
By Peter C. Earle The annual ritual known as Black Friday takes on renewed significance in 2023. This year’s shopping extravaganza will serve as a…
11 Signs That U.S. Consumers Are In Very Serious Trouble As We Head Into The Final Stretch Of 2023
By Michael Snyder U.S. consumers are getting weaker and weaker and weaker. Today, debt levels have risen to unprecedented heights, but thanks to roaring inflation…
Credit Card Losses Are Surging At The Fastest Pace Since The Global Financial Crisis
By Tyler Durden One month ago we warned that the toxic cocktail of Volcker-esque rates, which have pushed the average credit card APR to a…
Buying Second-Hand Is Gaining Popularity
By Tyler Durden Second-hand shopping is gaining traction in several countries around the world. Statista’s Anna Fleck reports that data from the Statista Consumer Insights survey reveals…
Families Are Spending Over $700 MORE Per Month Due To Inflation
By Mac Slavo Families living in the United States are feeling the pinch of inflation. They are now spending $709 per month more than they…
9 Signs That The U.S. Consumer Is About To Break
By Michael Snyder When the U.S. consumer is in healthy financial shape, the outlook for the U.S. economy is generally positive. But just like we…
Shrinkflation and Skimpflation Are Eating Our Lunch
By Jonathan Newman Economist Jeremy Horpedahl dismissed the silly claim by anticapitalists that capitalism must engineer food scarcity for the sake of profits. He presented…
“Shifting Consumer Behavior”: Conagra CEO Warns Americans Now Cut Back On Food Purchases
By Tyler Durden We got another glimpse into consumer behaviors via Sean Connolly, chief executive officer of Conagra Brands Inc., who told analysts during a…
Something Just Snapped: Consumers Panic Search “Pawn Shop Near Me”
By Tyler Durden Cash-strapped Americans are panic-searching “pawn shop near me.” The search trend spiked to a record high at the start of July and…
Consumers Trade Down From Walmart, Dollar Tree Becomes Supermarket For The Working Poor
By Tyler Durden Millions of American households have been battered by two years of negative real wage growth, which forced them to deplete personal savings…
Americans Say Families Need $85,000 To Get By, Up From $58,000 In 2013
By Mary Claire Evans Americans, on average, estimate that a family of four needs a minimum income of $85,000 annually to “get by” in their…