Tag Archives: Economic Data

The expiration of child tax credits that were put in place to help families during the COVID-19 pandemic is causing more parents and households to make tough choices, including skipping meals, giving up medical insurance and not paying medical bills, and using money saved for rainy days or emergencies to …

Creditors and lenders are going to be a little more aggressive in their risk-taking in 2022, according to data provided by TransUnion, thanks to delinquency and charge-off rates that have remained stable through this year. Many lenders tightened their underwriting criteria during the pandemic and are now ready to start …

For anyone who has ever watched a movie or television show featuring someone trying to solve a crime, invariably there is a scene or even multiple scenes where the detective tries to “get inside the head” of the criminal, in order to understand his or her motivation, and to uncover …

The total amount of household debt in the United States has topped $15 trillion for the first time, and delinquency rates on most types of consumer credit continued their downward trend — largely due to measures put into place during the COVID-19 pandemic — but there was still more than …

Student loan debt is keeping a lot of people from accomplishing their financial objectives, according to a report released by the National Association of Realtors, including buying a home, taking a vacation, and starting a family, while also forcing more individuals to take second jobs or work where they are …

Millions of individuals who rent apartments or homes nationwide are at risk of “economic harms” as programs created to help individuals during the COVID-19 pandemic are coming to an end, according to a report issued by the Consumer Financial Protection Bureau, and companies in the accounts receivable management industry might …

Even though many collection agencies have reported higher-than-expected payment rates during the 18 months of the COVID-19 pandemic, the number of individuals with a debt in collection largely remained unchanged across the country, according to data released last week. The number of individuals with a debt in collection decreased in …

Credit card lenders and financial institutions are apparently a little leery of the state of the economy and consumer’s ability to meet their financial obligations and are keeping balance limits largely stationary for the time being, except for one group of consumers — and it’s probably not the group you …

The Consumer Financial Protection Bureau has updated a report it first released last year that detailed the delinquency rates on major types of credit in order to illustrate how consumers were being financially affected by the COVID-19 pandemic. Now looking at data through the end of April 2021, the CFPB’s …

Data that was released this week by the Federal Reserve Board of New York reminded me of a great line I remember from the original “Men in Black.” Tommy Lee Jones is trying to explain to Will Smith why everyone in the world has not been told that there are …