U.S. households have been whittling down their savings and taking on increasing amounts of debt, putting many in a weaker position to weather economic downturn.
Shrinking savings and rising debt leave consumers on shaky financial footing
U.S. households have been whittling down their savings and taking on increasing amounts of debt, putting many in a weaker position to weather economic downturn.
| Date: | Mar. 18, 2023 7:05 AM ET |
| Link: | More at "NBC News" |
| Source: | NBC News Politics - nbcnews.com |
| Category: | Politics |
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Shrinking savings and rising debt leave consumers on shaky financial footing
U.S. households have been whittling down their savings and taking on increasing amounts of debt, putting many in a weaker position to weather economic downturn.
Mar. 18, 2023 - NBC News Top Stories - Top stories -
Student-loan companies illegally collecting on debt discharged in bankruptcy, consumer watchdog says
CFPB weighs in after years of borrowers arguing in court that their loans are eligible to be discharged in bankruptcy
Mar. 16, 2023 - MarketWatch.com - Top Stories - Business -
Market Extra: Credit Suisse bonds lead rout in bank, financial company debt
Concerns about the banking sector pressure bonds issued by banks and financial companies on Wednesday as investors monitor Credit Suisse woes.
Mar. 15, 2023 - MarketWatch.com - Top Stories - Business -
Save 29% on the Amazon Halo Rise sleep tracker ahead of Daylight Savings
Shop the top deals this week at Amazon, including savings on the Amazon Halo Rise ahead of Daylight Savings.
Mar. 9, 2023 - Home - CBSNews.com - Top stories -
Live news updates from March 14: US DOJ probes SVB collapse, US consumer prices rise 6%
Mar. 14, 2023 - World - World -
Consumer price index rises 0.4% in month of February
The consumer price index rose 0.4% in February and 6% year-over-year, showing signs that inflation is easing year over year. CBS News reporter Sarah Ewall-Wice joined Anne-Marie Green and Nikki Battiste to discuss the latest numbers, moves the ...
Mar. 14, 2023 - Home - CBSNews.com - Top stories -
US consumer prices rise 6% at tricky time for Fed amid SVB fallout
Data comes as central bank contends with broader concerns about how rising interest rates have affected lenders
Mar. 14, 2023 - UK homepage - Business -
Consumer prices rose 6 percent annually in February as inflation eased
The consumer price index (CPI) rose by 0.4 percent in February for an annual increase of 6 percent, right in line with what economists had been expecting, according to data released Tuesday by the Labor Department. The 6-percent annual inflation ...
Mar. 14, 2023 - Just In News | The Hill - Politics -
‘Americans are angry’: Consumer complaints about credit-reporting issues rose by 96% in one year
The report by U.S. PIRG Education Fund found that credit reporting problems doubled from 2021 to 2022.
Mar. 12, 2023 - MarketWatch.com - Top Stories - Business -
'Indentured servitude': Nurses hit with hefty debt when trying to leave hospitals
Requiring nurses to repay for training programs has become increasingly common with some hospitals sending $15,000 bills.
Mar. 12, 2023 - NBC News Top Stories - Top stories -
'Indentured servitude': Nurses hit with hefty debt when trying to leave hospitals
Requiring nurses to repay for training programs has become increasingly common with some hospitals sending $15,000 bills.
Mar. 12, 2023 - NBC News Politics - Politics -
China Property Sector Left in Limbo by Stalled Debt-Restructuring Talks
Dozens of the country’s developers defaulted on their dollar bonds last year, leading to a series of difficult—and protracted—negotiations with overseas fund managers.
Mar. 9, 2023 - WSJ.com: US Business - Business - China -
High-yield savings accounts vs. regular savings accounts: Which is better?
High-yield savings accounts and regular savings accounts both have unique benefits. Find out which is best for you here.
Mar. 17, 2023 - Home - CBSNews.com - Top stories -
Biden's Budget Shows the Rising Cost of Leaving Medicare and Social Security Untouched
President Biden’s proposed budget assumes no cuts in benefits for the oldest Americans—and as a result their costs would continue to escalate.
Mar. 9, 2023 - WSJ.com: US Business - Business - Joe Biden -
The Fed: Powell leaves door open for faster pace of interest rate rises at March meeting
Federal Reserve Chairman Jerome Powell on Tuesday pledged to continue the battle against inflation, arguing that the U.S. economy "does not work for anyone" without stable prices.
Mar. 7, 2023 - MarketWatch.com - Top Stories - Business - Federal Reserve -
‘Judgment day is coming’: SVB Financial Group files for Chapter 11. More businesses and consumers are also filing for bankruptcy.
Tightening credit access and rising interest rates for businesses and consumers will likely lead to more bankruptcies, experts say.
Mar. 18, 2023 - MarketWatch.com - Top Stories - Business -
German lawmakers approve plan to shrink bloated parliament
Lawmakers in Germany have agreed to reduce the size of the country's increasingly bloated parliament
Mar. 17, 2023 - ABC News: International - World - Germany -
The NBA championship window is shrinking for the Clippers
After reshuffling the team during Year 4 of the Kawhi Leonard-Paul George era, the Clippers aim to live up to their lofty expectations before time runs out.
Mar. 15, 2023 - www.espn.com - TOP - Sports - NBA -
Chip stocks fall as delivery times shrink, Samsung plans to build world’s largest chip complex
Semiconductor stocks lagged the broader market Wednesday after South Korea announced plans for the world's largest chip-making complex.
Mar. 15, 2023 - MarketWatch.com - Top Stories - Business -
UK economy set to shrink but avoid official recession
Analysts warned that the UK was "not out of the woods yet" with a big drop in living standards predicted.
Mar. 15, 2023 - BBC News - Home - Top stories - United Kingdom -
More companies are shrinking the workweek down to 4 days
Companies say condensing the workweek makes employees more productive. Workers say it makes them happier.
Mar. 14, 2023 - Home - CBSNews.com - Top stories -
Nashville Sues to Block Law That Would Shrink its Council by Half
The law would limit the size of a city or county legislative body to 20 members; the Nashville Metropolitan Council has 40.
Mar. 13, 2023 - NYT > Top Stories - Top stories -
The Oscar box office bump is shrinking
The winner of the best picture award at this year's Oscars may not get a big box office bump in this streaming-dominated landscape.
Mar. 11, 2023 - US Top News and Analysis - Business -
Investors nervously watch for impact of ECB shrinking its bond holdings
Overall borrowing costs for eurozone governments have risen sharply in the past year
Mar. 10, 2023 - World - World -
The number of available jobs in the US shrank in January
There's a slight chill running through the US labor market, but the temperature is still too high for the Federal Reserve.
Mar. 8, 2023 - CNN.com - RSS Channel - HP Hero - Top stories