Economy

How Political Affiliations Affect Financial Expectations

Individuals in counties that tend to vote Republican are becoming more pessimistic about their financial futures than individuals who live in counties that tend to vote Democrat, according to data released by the Federal Reserve Board of New York. The data attempts to analyze how politics affects the financial expectations …

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Report Breaks Down Collections Data By State, County

The 46% of Louisianans who have a debt in collection represent the highest percentage of any state in the country, according to a report issued by The Urban Institute. Following Louisiana are Texas (44%) and South Carolina (43%). By contrast, Minnesota (17%), South Dakota (18%), and North Dakota (19%) are …

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Average American Carrying $15K in Credit Card Debt: NerdWallet

The average American has more than $15,000 in credit card debt, according to data released yesterday by NerdWallet. Including mortgages, the average household has more than $131,000 of debt. Spending more than they can afford on unnecessary purchases is the top reason why people have credit card debt, according to …

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Consumer Credit Jumps More Than Expected In October: Report

The amount of outstanding consumer credit in the United States jumped more than expected in October, according to data released yesterday by the Federal Reserve Board. The total amount of revolving (namely credit cards) and non-revolving (namely auto and student loans) credit increased 6.5% in October from September, or $19 …

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