Sentences with phrase «consumer debt crisis»

Not exact matches

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.

In its latest study on private student loans, the Consumer Financial Protection Bureau completes what up until now has been a fragmented picture of America's growing student debt crisis.

In response to a journalist's question, the governor says he agrees with the view consumers are facing high debt loads today because they filled in the debt - accumulation void left when governments turned to austerity by shutting down stimulus measures to address fallout from the 2008 financial crisis.

It's a challenge for Canadians still struggling to cope with the record amounts of consumer debt they amassed after the 2008 financial crisis because lenders use their prime rate as a benchmark for setting some other short - term rates including variable - rate mortgages and lines of credit.

US consumers also have more money in their pockets because, in general, they have aggressively shed their personal debts and increased their savings rate since the financial crisis.

Scott Hannah, president of the Vancouver - based Credit Counselling Society, which helps consumers who are drowning in debt, says he's seen little evidence households have learned anything from the financial crisis.

The DIAPER Actl puts more parents to work earning paychecks that can be spent on consumer goods and services, driving up GDP; generating spending that helps get our country out of the current debt crisis.

The debt ceiling fight didn't lower the consumer confidence, the rising inflationary pressures food and gas, the european debt crisis, the housing market crashing into a depression and the fact the job market is horrible (not being helped here by dodd / frank or obamacare) is whats driving the confidence down.

«This month's debt ceiling crisis has driven the consumer mood nationally into the tank and in New York while the fall wasn't as steep, the tears are just as real,» said Siena statistics and finance Prof. Doug Lonnstrom, who is also the founding director of the college's Research Institute.

CFPB officials compared it with the debt amount in mid-2008 when the financial crisis was at its peak when consumers were carrying $ 4.4 trillion in credit card debt.

As a result of the banking crisis in 2008, politicians and government officials took a close look at the penalty APR and its impact on the ability of consumers to get out of debt.

Blair Mantin explains basic debt options available to consumers in Canada, when facing a debt crisis.

Easy availability of credit in the US, fueled by large inflows of foreign funds after the Russian debt crisis and Asian financial crisis of the 1997 — 1998 period, led to a housing construction boom and facilitated debt - financed consumer spending.

Given the bad rap that credit cards have had, particularly in recent years, no thanks to consumer credit card debt piling up and contributing to the credit and subprime loan crisis, it's refreshing to see that a good number of people still love their credit cards.

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Representative Guzzardi, the bill's sponsor, said the following: «Student debt is a crisis of epic proportions in this country, and the federal government is walking away from consumer protections at the worst possible moment.

Yet during a year - long investigation into who profits off of what has become the largest source of American consumer debt, Fusion TV untangled how Navient has positioned itself to dominate the lucrative student loan industry in the midst of this crisis, flexing its muscles in Washington and increasingly across the states.

Standard and Poor's Credit Card Debt Survey from October 2008 shows that consumers are using credit cards even more in the credit crisis than they were previously.

As Eric Noll argued in his testimony: «Restricting or eliminating the [ETF] business will not solve the sovereign debt crisis in Europe, will not balance the US budget, will not restore bank balance sheets, will not add jobs, and will not repay consumer debt and get them spending again.

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.

There's been plenty of commentary about banks utilizing this strategy in relation to corporate & commercial property loans, but I'm surprised at the lack of investigation re consumer debt — think about it, it's clearly been the stand - out missing story post-financial crisis.

Without strong US job growth in this growth cycle and driven by rising US consumer debt obligations and a US housing value bubble, the US then lead the world into another financial or «credit crunch» crisis that was far worse than the dot com crash.

Illinois families always need reliable sources of financial advice, but the current crisis emphasizes the need for our consumers to work with licensed debt counselors subject to regulatory oversight.

«Consumer confidence deteriorated considerably as the federal government shutdown and debt - ceiling crisis took a particularly large toll on consumers» expectations,» said The Conference Board's Lyn Franco in a statement.

«Since the financial crisis, consumers are paying more attention to their debts, particularly longer term financial commitments such as homes and auto.»

Economic growth in 2014 could be the strongest in nearly a decade, as several headwinds that conspired against the recovery — e.g., consumer deleveraging, falling home prices, state budget cuts and European debt crises...

The report, titled «Enhanced Credit Data and Scoring: Deeper Insight into Mortgage Applicants,» notes that consumers used to pay mortgage debts first, but because of the recent financial crisis some consumers now treat paying other debts, such as credit card bills and car payments, as a higher priority to maintain personal financial liquidity.

Despite the Standard & Poor's downgrade of U.S. debt, a worsening European sovereign debt crisis and rising stock market volatility, the U.S. economy continues to expand and create new jobs, supported by strong consumer spending and business investment.