AXIOS | The Michigan Consumer Sentiment Index ticked down in October (within the margin of error) after two months of gains. Sentiment is 8% stronger than a year ago, and almost 40% above the trough reached in June 2022. Why it matters: “While inflation expectations have eased substantially, … consumers continue to express frustration over high prices,” survey director Joanne…
PYMNTS | In today’s competitive job market, traditional benefits like retirement plans and paid time off are falling short as workers demand immediate access to their earnings. Rising financial pressures and living costs are driving this shift, pushing employers to adapt or risk losing top talent. A PYMNTS Intelligence report, “No-Wait Wages: Leveraging Instant Payments…
Axios | The economy is on firmer footing than previously thought: Blowout consumer spending last month shows shoppers are not pulling back in a way that would be consistent with a recession. Why it matters: The “consumer slowdown” narrative fell apart last month. If it continues, that — along with receding inflation — could keep the…
CNBC | People are struggling to pay off their credit card debt even as many trim their spending. The share of credit card balances that are past due reached the highest level ever in the first quarter, according to data the Philadelphia Federal Reserve has tracked since 2012. The delinquencies come as consumers have leaned heavily…
WTOP News | By American Financial Services Association | April 3, 2024 Access to credit affects our lives in all kinds of ways – a solid credit score is needed to purchase a home, credit can keep a business running, help buy a car and deal with all kinds of expenses. Financial institutions and consumers navigate…
American Financial Services Association President & CEO Bill Himpler joined Ed Henry’s “The Briefing” to discuss how AFSA’s Consumer Credit Protections will help give consumers the confidence they need and set clear rules of the road for America’s lenders. Watch Bill’s interview below: