Credit Card Rates Just Hit A Record As The Average Car Loan Rises To Fresh All Time High

By Tyler Durden With the 30-year mortgage now (un)comfortably into 7% territory, the US housing market…

Shocking Consumer Credit Numbers: Everyone Maxed Out Their Credit Card As Economy Slid Into Recession

By Tyler Durden While it is traditionally viewed as a B-grade economic indicator, the August consumer…

29% Of Americans Now Drawing From Their Savings “More Than Usual”, New Survey Shows

By Tyler Durden New data out last week in the latest Forbes Advisor-Ipsos Consumer Confidence Weekly Tracker…

Why Are Walmart And Other Major U.S. Retailers Canceling BILLIONS Of Dollars In Orders As Summer Comes To An End?

By Michael Snyder Do they know something that they aren’t telling us?  As you will see…

US Consumer Prices Blow Away Expectations, Rise For 27th Straight Month

By Tyler Durden “We saw this tug of war between goods moderating and services remaining strong.…

Alarm Bells Sound As World’s Second Largest Appliance Company Reports Demand Plunge

By Tyler Durden Swedish appliance maker Electrolux AB announced a cost-reduction program after reporting a plunge in…

Average Credit-Card Debt Soars By 13%, Largest Increase Since 1999

By Bryan Jung The average credit card debt held by households in the United States surged by 13…

Major US Retailers Warn: Lower-Income Consumers Are In Trouble

By Tyler Durden President Biden and his top advisers have been adamant that the consumer is…

A Storm Of Indicators Show The US Consumer Is Tapped Out

By Tyler Durden The US economy is a 70% retail and service economy, which means it…

The State Of The US Consumer: AT&T Crashes As Americans Can’t Afford To Pay Their Phone Bills

By Tyler Durden Shares of AT&T fell on Thursday after CEO John Stankey said that customers…

83% Of Americans Cut Back On Spending As Economy Careens Towards Crisis, Poll Finds

By Tyler Durden US consumer sentiment and confidence have deteriorated for households amid slowing economic growth…

Inflation Storm Devastates US Households As Fuel, Power And Food “Become Unaffordable”

By Tyler Durden The latest inflation figures are due on Friday and will reveal if consumer…

Shocking Consumer Credit Numbers: Everyone Maxing Out Their Credit Card Ahead Of The Recession

By Tyler Durden While it is traditionally viewed as a B-grade economic indicator, the April consumer…

Here Are 11 Statistics That Show How U.S. Consumers Are Faring In This Rapidly Deteriorating Economy

By Michael Snyder Prices are soaring, there are widespread shortages of certain items such as baby…

US Middle Class Is Shutting Down As Spending By The Rich Remains Robust

By Tyler Durden After dismal earnings by such mammoth retailers as Walmart, Target and this morning’s…