Economy

Newton’s first law of inertia is that objects in motion tend to stay in motion and objects in inertia tend to stay in inertia. Based on data analyzed by the Consumer Financial Protection Bureau, the same can be said for individuals with credit card debt. They tend to stay in …

Some sobering economic data to jumpstart the week paints a picture of a lot of individuals who are having a difficult time making ends meet, which provides context for collection agencies reaching out to those individuals and the potential for more business on the horizon. Much has been made of …

The number of individuals with a debt that had been placed with a third-party collection agency continued to decline in the first quarter, along with the average collection amount per person with a debt in collection, according to data released yesterday by the Federal Reserve Bank of New York. About …

Merger and acquisition activity in the Accounts Receivable Management sector was slower in the first quarter of 2019 than it was in the same period last year, according to data released this week by Corporate Advisory Solutions. There were six deals with a combined value of $161 million during the …

Ah, the good ole’ days, when a 700 credit score meant something. These days, according to analysts and economists from both Goldman Sachs and Moody’s Analytics, a 700 credit score is just “average” and the financial services industry should be prepared because inflated credit scores are masking individuals’ inability to …

Nearly half of all Americans are not paying off their credit card balances every month, according to the results of a recently released survey, and 72% of those people have a balance greater than $1,000. And while most people sign up for credit cards to cover unexpected emergency purchases, many …

In cities across America, a pattern is emerging — there are more job openings than there are individuals looking for work. But there are still 13 million individuals living in the United States who are unemployed, working part-time or who have given up on finding a job. The problem, according …

Having gathered data for more than four years, the Federal Reserve Board of New York unveiled a new report yesterday, the Survey of Consumer Expectations Household Spending Survey, which details experiences and expectations regarding how individuals and households are spending their money. For example, should a respondent suddenly see a …

Today’s sign that an economic apocalypse is on the way: Only 44% of Americans have more savings than credit card debt, according to a survey conducted by Bankrate.com, which represents the lowest figure in the nine years that the site has been tracking the data point. Nearly 30% of Americans …

Data released this week by the Federal Reserve Board of New York is sending up red flags that consumers’ financial conditioning may be weakening, and signs of a recession may be on the horizon. Economists are pointing to a record number of individuals who are behind on their auto loans …