Yellen Blaming Consumers for Inflation Is Government’s Latest Attempt to Deflect Blame for Its Policies
A few weeks ago, US Secretary of the Treasury Janet Yellen appeared on the Late Show With Stephen Colbert to discuss a range of issues both political and personal. The most widely reported moment in the interview came when Yellen talked about practicing her signature (don’t ask me why this is newsworthy, I have no idea). However, a significantly more important moment […]
Daily marijuana consumers outnumber Americans who drink daily: report
A newly published study finds that more people use marijuana daily than drink alcohol daily. The study, published Wednesday in the journal Addiction, was written by Jonathan Caulkins, a cannabis policy researcher at Carnegie Mellon University, and was based on data from the National Survey on Drug Use and Health. While more Americans overall drink […]
Many US consumers staying away from EV’s due to lack of charging availability: report
FOX Business Jeff Flock reports that auto repair costs have increased 33% over the past four years. Purchasing motivation of American car buyers Electric vehicle (EV) A new J.D. Power survey shows a drop from a year ago, due in part to concerns about adequate charging infrastructure. J.D. Power’s 2024 U.S. Electric Vehicle Consideration Study […]
Yellen on Calling Trump Tariffs ‘Taxes on Consumers’: Biden’s Are ‘Targeted’
Treasury Secretary Janet Yellen predicted on Tuesday’s “PBS News Hour” that President Joe Biden’s tariffs would not cause meaningful price increases for households, saying President Trump’s tariffs would be “a tax on consumers.” In response to a question about criticism that President Biden’s tariffs are Tariffs are different because they are “target groups in strategic […]
Joe Biden Imports Millions of Non-Working Migrant Consumers
President Joe Biden is welcoming millions of low-wage immigrants to produce more goods and services, and children, mothers, and seniors to consume goods and services needed by American families. welcomes even larger waves of immigrants. Center for Immigration Studies (CIS) report On May 13, it was announced that an additional 5.1 million immigrants have immigrated […]
Card Rewards a Lifeline for American Consumers
The following content is electronic payment federation. Anyone who has bought groceries or filled up at a gas station recently has felt the pinch of rising prices. From everyday necessities to the occasional splurge, many Americans are cutting back on spending to save money each month. Meanwhile, many people are looking for other ways to […]
34% of Consumers Haven't Heard of Card-Linked Offers – PYMNTS.com
Card-linked offers, or promotions aimed at encouraging consumers to use credit or debit cards, are very popular with consumers. That is, once you use it. According to PYMNTS Intelligence’s report, “Card-linked offer growth relies on first-time users,” 93% of cardholders plan to take advantage of a card-linked offer again in the near future after taking […]
Spirit Airlines CEO calls airline industry a ‘rigged game,’ US consumers are ‘long-term losers’
Spirit Airlines CEO Ted Christie has been outspoken about the airline industry, likening it to a game of match-fixing and saying American consumers are “long-term losers.” “Currently, almost all of the profits in the entire U.S. airline industry are concentrated in just two companies, while non-legacy airlines are racing to return to profitability,” Christie said […]
Consumers see higher auto payments in exchange for better borrowing rates
Car loan repayment terms have become shorter, but monthly payments have increased. (iStock) Experian recently found that rising interest rates are making long-term loans less attractive, even for borrowers with good credit. report. They’re making higher monthly payments over shorter terms in exchange for better interest rates, said Melinda Zabritsky, head of auto financial insights […]
Consumers Make Minimum Credit Card Payments as Inflation Takes a Bite – PYMNTS.com
In a sign of the continued pressure of the paycheck-to-paycheck economy, more consumers are making only minimum payments on their credit cards. And the debt on those cards is increasing. It’s becoming increasingly difficult to strike a balance between staying in credit card debt and falling into delinquency, so to speak. Delinquency is increasing. According […]