Sentences with phrase «consumer debt levels in»

Consumers living in recession - scarred Las Vegas came in a close second, with consumer debt levels in the Nevada tourist town falling by 4.05 percent.

Credit Canada CEO, Laurie Campbell discusses why Canadians should not celebrate a dip in consumer debt levels in the fourth quarter with BNN Anchor of The Close.

Consumer debt levels in Calgary and Edmonton fell 0.59 % and 0.11 % respectively in the latest quarter, although consumers in those cities remain the most indebted in the country.

Not exact matches

Debt levels for the average Canadian household are moving down (perhaps we've been taking those warnings from the Bank of Canada to heart), and as a result there's been «modest» growth in consumer spending, said Ferley.

But in recent years, as the Bank of Canada held interest rates to historically low levels and consumer debt skyrocketed, the federal government tightened mortgage restrictions on regulated financial institutions, including HCG.

Also, while consumer debt is falling and corporate debt is not yet at crisis levels, keep in mind that government debt has skyrocketed — ironically, as a response to slow growth in the global economic system.

But low interest rates, at least in Canada, have pushed household debt to such vertiginous levels that officials like Carney know they shouldn't be counting on consumer spending to drive the recovery — ergo, the call for more corporate investment.

On the other hand, leaving the interest rate low encourages the kind of borrowing and spending that has produced record - high levels of consumer debt in Canada and pushed housing prices into the stratosphere.

Their debt now is in excess of 160 % of disposable income, a level that suggests consumers will be more inclined to get right with their lenders than to continue spending at their post-crisis pace.

«Many consumers have learned the hard lessons of recession, and have redoubled their efforts to keep debt at manageable levels,» ABA's chief economist, James Chessen, said in a statement.

It felt free to issue such an advisory, the central bank said, in part because it was less worried about those record levels of consumer debt and the housing market, both of which economists have said appear to be moderating.

Actual results could differ materially from those expressed in or implied by the forward - looking statements contained in this release because of a variety of factors, including conditions to, or changes in the timing of, proposed real estate and other transactions, prevailing interest rates and non-recurring charges, store closings, competitive pressures from specialty stores, general merchandise stores, off - price and discount stores, manufacturers» outlets, the Internet, mail - order catalogs and television shopping and general consumer spending levels, including the impact of the availability and level of consumer debt, the effect of weather and other factors identified in documents filed by the company with the Securities and Exchange Commission.

The panel is based on credit report data collected by Equifax (one of the three credit bureaus in the United States) and it contains information on all outstanding loans — including mortgages, auto and student loans, and credit card debt — at the individual consumer level.

Risks associated with the Consumer Discretionary sector include, among others, apparel price deflation due to low - cost entries, high inventory levels and pressure from e-commerce players; reduction in traditional advertising dollars; increasing household debt levels that could limit consumer appetite for discretionary purchases; declining consumer acceptance of new product introductions; and geopolitical uncertainty that could impact consumer seConsumer Discretionary sector include, among others, apparel price deflation due to low - cost entries, high inventory levels and pressure from e-commerce players; reduction in traditional advertising dollars; increasing household debt levels that could limit consumer appetite for discretionary purchases; declining consumer acceptance of new product introductions; and geopolitical uncertainty that could impact consumer seconsumer appetite for discretionary purchases; declining consumer acceptance of new product introductions; and geopolitical uncertainty that could impact consumer seconsumer acceptance of new product introductions; and geopolitical uncertainty that could impact consumer seconsumer sentiment.

«Given that the savings rate in America is so low and the consumer debt level is so high, more people should be resolving to save more and pay down debt,» said Huddleston.

Minister of Finance Bill Morneau is trying to balance soaring household debt levels against the need for strength in consumer spending.

The stagnation of wages among low - and middle - income families and rising costs, of housing in particular, has led to record levels of consumer debt.

One would hardly realize that the problem facing U.S. industrial employment is that wage earners must earn enough to pay for the most expensive housing in the world (the FDIC is trying to limit mortgages to absorb just 32 per cent of the borrower's budget), the most expensive medical care and Social Security in the world (12.4 per cent FICA withholding), high personal debt levels owed to banks and rapacious credit - card companies (about 15 per cent) and a tax shift off property and the higher wealth brackets onto labor income and consumer goods (another 15 per cent or so).

Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.

Finally, implementation of the Dodd - Frank Wall Street Reform and Consumer Protection Act of 2010 is likely to result in fundamental change in the regulation of the debt relief industry at the federal level.»

But Equifax says while consumer demand for credit is still heading up (it was 2.7 per cent in the quarter), debt levels still remain manageable.

«While the 2005 bankruptcy overhaul law aimed to reduce filings, overall consumer debt and continued financial stress have led to consumer bankruptcies climbing back to pre-BAPCPA levels,» ABI Executive Director Samuel J. Gerdano said in a statement.

Consumer debt levels have fallen for 15 of the last 17 months; all consumer debt levels (excluding mortgages and other real estate loans) fell by $ 11.5 billion in February to a total of approximately $ 2.45 tConsumer debt levels have fallen for 15 of the last 17 months; all consumer debt levels (excluding mortgages and other real estate loans) fell by $ 11.5 billion in February to a total of approximately $ 2.45 tconsumer debt levels (excluding mortgages and other real estate loans) fell by $ 11.5 billion in February to a total of approximately $ 2.45 trillion.

The pace of growing debt versus income levels peaked in 2009, but then began to fall through 2013, narrowing the gap between what consumers were spending and what they were making.

The disparity between per - debtor and per - consumer debt levels signifies that, while many Michiganders rely on their credit cards, there are many more who manage to pay their balances in full each month or who have settled their debts.

Among Michigan consumers who have credit card debt, the average debt level in early 2012 was $ 5,724.

Given these figures, it is no surprise that the amount of student loan debt in the United States today is considered to be the second highest level of consumer debt behind only mortgages — and most of the student loan debt is held by the Federal government.

Household debt levels have hit record levels in recent years and housing markets have boomed, helped by low interest rates that have allowed consumers to borrow cheaply.

«Consumers have amassed record levels of outstanding debt as a protracted period of depressed borrowing rates has sustained buoyant housing market activity,» Cooper said in a note.

Consumer credit counseling simply teaches consumers methods that will help them improve their money management in the future, which will free up cash to pay down their current debt levels.

At the very least, as student loan debt becomes a greater and greater burden on consumers in America we will see it erode the money people spent on other items and see a continued decrease in unsecured consumer debt levels.

Consumer debt levels have risen dramatically in recent years and one of the cohorts most at - risk are pre-retirement seniors.

Consumers across the country have continued to take on an enormous level of credit card debt over the last few years, as so many Americans have struggled to make ends meet in light of the recession and lack of available jobs in the economy.

In a country where consumers have grown accustomed to low rates, and where households are burdened with record levels of debt relative to income, this kind of change is worth noting.

Debt levels of financial companies, consumers and our Government have gotten to levels where repayment of debts in full is difficult if not impossible.

The top five Canadian banks made $ 40 billion in net profits last year at the same time as Canadians racked up record levels of consumer debt.

Also, while consumer debt is falling and corporate debt is not yet at crisis levels, keep in mind that government debt has skyrocketed — ironically, as a response to slow growth in the global economic system.

As housing prices have increased, the attractiveness of debt consolidation over insolvency as a debt restructuring mechanism has helped temper the growth in Ontario consumer insolvencies despite record debt levels.

Sands & Associates, BC's largest firm of licensed Trustees in bankruptcy and consumer proposal administrators, today released results of a study offering insight into BC's soaring consumer debt levels.

The 2013 BC Consumer Debt Study was conducted as a comparative look at consumer debt levels, causes of insolvency, and financial outlooks across three different generations of British Columbia's in - debt popConsumer Debt Study was conducted as a comparative look at consumer debt levels, causes of insolvency, and financial outlooks across three different generations of British Columbia's in - debt populatDebt Study was conducted as a comparative look at consumer debt levels, causes of insolvency, and financial outlooks across three different generations of British Columbia's in - debt popconsumer debt levels, causes of insolvency, and financial outlooks across three different generations of British Columbia's in - debt populatdebt levels, causes of insolvency, and financial outlooks across three different generations of British Columbia's in - debt populatdebt population.

Debt settlement services are custom built to best meet the needs of the consumer depending on their financial situation and the level of debt they areDebt settlement services are custom built to best meet the needs of the consumer depending on their financial situation and the level of debt they aredebt they are in.

Massachusetts residents have high levels of consumer debt, especially in the form of mortgages.

Consumers» fears of missing payments hit record low, NY Fed says — Consumers» expectations of meeting their minimum debt payments reached a record level of optimism in March, New York Fed survey finds.

Total Consumer Debt as % of Discretionary Income (Send me email for the chart) The problem with the «consumer debt as percentage of discretionary income» measure (the above chart) is that it ignores the true cost of debt since higher debt levels in a low - interest - rate environment may not result in a high debt service burden (interest and principal payments) on the cConsumer Debt as % of Discretionary Income (Send me email for the chart) The problem with the «consumer debt as percentage of discretionary income» measure (the above chart) is that it ignores the true cost of debt since higher debt levels in a low - interest - rate environment may not result in a high debt service burden (interest and principal payments) on the consuDebt as % of Discretionary Income (Send me email for the chart) The problem with the «consumer debt as percentage of discretionary income» measure (the above chart) is that it ignores the true cost of debt since higher debt levels in a low - interest - rate environment may not result in a high debt service burden (interest and principal payments) on the cconsumer debt as percentage of discretionary income» measure (the above chart) is that it ignores the true cost of debt since higher debt levels in a low - interest - rate environment may not result in a high debt service burden (interest and principal payments) on the consudebt as percentage of discretionary income» measure (the above chart) is that it ignores the true cost of debt since higher debt levels in a low - interest - rate environment may not result in a high debt service burden (interest and principal payments) on the consudebt since higher debt levels in a low - interest - rate environment may not result in a high debt service burden (interest and principal payments) on the consudebt levels in a low - interest - rate environment may not result in a high debt service burden (interest and principal payments) on the consudebt service burden (interest and principal payments) on the consumerconsumer.

Increasing employment, increasing median home values, stable levels of consumer debt, historically low credit card delinquency rates, and the second - lowest metro area unemployment rate in Kentucky in January 2018 spells steady growth for this metro area.

The Federal Reserve reports that household debt is at its lowest level in 29 years, which means that consumers have money to spend.

«Consumers continue to carefully manage their finances in an effort to get debt levels under control and build up a secure financial base,» said the American Bankers Association's chief economist James Chessen in a news release.

«Consumers are thinking twice before increasing their level of debt, with many using credit cards as a payment vehicle rather than a tool to finance purchases,» said Chessen in the release.

Poor understanding of the contracts between consumers and card issuers is a factor in high levels of credit card debt and the ills that go along with it, says David Jones, president of the Association of Independent Consumer Credit Counseling Agencies.

Economists expect growth to slow from the healthy pace in the first quarter, especially as debt - burdened consumers retrench from the spending levels that largely drove the recovery in the first place.