Tag Archives: Inflation

It’s a recipe for economic disaster that consumers are whipping up, according to recently released reports. They are charging more money on their credit cards and fewer people are paying the balances off in full every month. While this likely means more accounts and work for companies in the accounts …

The post-pandemic party is over and consumers are already starting to feel the effects of a nasty financial hangover that could last well into 2023, according to a published report that analyzed a number of different economic reports. Consumers and the U.S. economy were buttressed during the pandemic with about …

Nearly one-third of Americans have paid a bill late in the past six months and nearly two-thirds of those who have said it was because they did not have the funds to make the payment, according to data released last week by LendingTree. Utility bills are the most likely bill …

The amount that is used as the threshold for an “emergency” expense is likely a lot higher than people have been using, and that could be bad news for companies in the accounts receivable management space. Economists — and even the Federal Reserve Board — has used $400 as the …

There does not seem to be a lot of cause for concern about the economy heading into a recession and that leading to consumers becoming unable to make payments on their unpaid debts, according to the Chief Executive of Encore Capital Group, who shared his feelings last week during a …

Three-quarters of individuals earning less than $100,000 per year say their earnings are falling behind their cost of living, compared with 50% who said so 22 months ago, according to the results of a survey released by Primerica. As well, the number of individuals who have an emergency savings fund …

More than half of all consumers across the country are going into debt, borrowing money, or using their savings to cover their expenses right now as a result of higher prices for everything from gas to groceries, according to the results of a survey conducted by the National Retail Federation. …

In yet another sign that consumers are struggling financially, the number one reason why online payments declined in April was because of insufficient funds in their accounts, according to a published report. More than one-quarter of consumer payment declines were due to insufficient funds, compared with 18% in March, according …

More than one-third of people earning more than $250,000 per year say they are living paycheck-to-paycheck, and while most say they are not having any problems covering their monthly expenses, it is yet another sign that inflation is causing problems for everyone, regardless of how much money they make, and …

The number of consumers who are living paycheck-to-paycheck, meaning they are not able to put aside any money for savings or emergency funds, is back to pre-pandemic levels, according to a published report, and the financial difficulties are being felt by people on all rungs on the income ladder. About …