Outstanding credit card debt has declined from pre-pandemic levels. This was likely due to a lack of spending options during quarantines. More recently, stimulus checks helped consumers pay off debt.... Read More
The third quarter saw $1.1 trillion in mortgage origination.... Read More
A breakdown of checking accounts in the U.S. by wealth groups... Read More
Given the global supply chain's problems coming out of the pandemic, the retail industry has struggled to keep up with consumer demand.... Read More
Employees walking away from their jobs hit a record 4.2 million in August, further underscoring the idea that the labor market is transforming.... Read More
A comparison of the assets and liabilities of the wealthiest 1% of Americans versus the rest of the country... Read More
The Census Bureau recently released income data on U.S. citizens, noting a decline in inflation-adjusted incomes for the first time since 2014.... Read More
The NFIB survey shows small business owners are having a difficult time filling job openings with quality candidates.... Read More
Household debt in the U.S. rose to $14.96 trillion in the second quarter.... Read More
Consumers are being cautious with their lines of credit, using just 20% of their credit limit.... Read More
People under 30 hold a relatively small amount of debt compared to other age groups.... Read More
The percentage of consumers with debt at a collection agency has fallen over the past couple years.... Read More
Household debt broken down by delinquency status... Read More
Outstanding credit card debt has declined from pre-pandemic levels. This was likely due to a lack of spending options during quarantines. More recently, stimulus checks helped consumers pay off debt.... Read More
The second quarter saw a record $1.22 trillion in mortgage origination.... Read More
With the exception of Q3 2020, Q2 GDP growth was higher than any since 2003. Why did it fall short of economists' expectations?... Read More
The NBER recently stated the COVID recession ended in April 2020. How has the expansion since then stacked up to prior expansions?... Read More
Shipping costs from Asia to the rest of the world continue to skyrocket.... Read More
The suspension on the national debt limit is set to expire July 31.... Read More