News Formal

Fed Rate Increases Are Squeezing Consumer-Finance Companies

  • 📰 WSJ
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

Consumer spending in the U.S. is going strong. Consumer lending—not so much.

Americans have racked up more credit-card debt than ever. WSJ’s Dion Rabouin explains the contributing factors and why this could spell trouble ahead for the U.S. economy. Photo: Keith Srakocic/Associated Press.

Americans have racked up more credit-card debt than ever. WSJ’s Dion Rabouin explains the contributing factors and why this could spell trouble ahead for the U.S. economy. Photo: Keith Srakocic/Associated Press
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

LOL

The age of cheap loans are over. That’s why when the the credit cards get max’s and the savings run out, the economy goes boing. Probably in March of 2023. And it will drag on until we use energy independence to built back better… with MAGA

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Companies are still wrestling with widespread Log4j flaw, one year laterA year after one of the most widespread security vulnerabilities in recent history was exposed, companies are still wrestling with how to patch the flaw — or with determining if they were affected at all. In other news: Shadow banning against Conservatives on Twitter was real. Not a 'Right wing conspiracy theory'
Source: axios - 🏆 302. / 63 Read more »