Sentences with phrase «of high consumer debt»

As consumers, we have little control over the macroeconomic effects of high consumer debt.

Not exact matches

Though Portugal is one of the fastest growing euro zone economies, problems with non-performing loans and high debt among businesses, individuals and government are a big hurdle - mainly at a time when the government's strategy is focused on consumer spending.

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.

Robert Abboud, a certified financial planner based in Ottawa and author of No Regrets: A Common Sense Guide to Achieving and Affording Your Life Goals, says high - interest - bearing consumer debt should be tackled first.

«The rule is an important first step and will benefit some consumers who need relief the most, but a great deal of work is still needed to ensure that American families are no longer ensnared in the debt trap of high interest, abusive loans,» Michael Best, director of advocacy outreach at Consumer Federation of America, said in a statement.

In the near term, higher interest rates will have an immediate effect on consumers with credit card debt, home equity lines of credit and those carrying adjustable rate mortgages.

The record high levels of consumer debt among Canadians has also raised a red flag from Bank of Canada governor Mark Carney and others who have warned that interest rates will rise at some point — raising the cost of borrowing.

Wayne, New Jersey - based Toys «R» Us, which also owns the Babies «R» Us chain, is among dozens of traditional brick - and - mortar retailers that have struggled under high debt as more consumers shop online.

With the rate of home ownership now close to 70 %, and with household debt at a record high, much of the financial health of Canadian households is inextricably linked to home values, making it the kind of dominant concern that not only affects household finances, but consumer psychology and confidence.

Household debt is also relatively high at around 88 percent of gross domestic product (GDP) capping consumer spending.

High levels of consumer debt leaves current levels of homebuying and construction resting on a weak foundation.

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.

But, in this case, it also means all - time high rates of consumer debt.

«However, historically high levels of household debt and low wage growth will offset some of the positive impact of recent strong employment data, so consumers are likely to remain cautious.»

Western allies press Trump to maintain nuclear deal with Iran: Reuters US intelligence monitors Iranian cargo shipments into Syria: CNN A trade war is a major risk for China's debt - ridden economy: CNBC Federal judge orders gov» t must accept new DACA immigration applications: WaPo Unification of Koreas still unlikely as leaders prepare to meet: Reuters US Consumer Confidence Index rebounded in April after March decline: CB New home sales in US increased to 4 - month high in March: MarketWatch Richmond Fed Mfg Index turns negative for first time since 2016: Bond Buyer S&P Case - Shiller Home Price Index surged in Feb, up 6.3 % y - o - y: CNBC Federal Housing Finance Agency: US house prices continued to rise in Feb: HW Corp bonds with lowest investment - grade rating look vulnerable: Bloomberg 10 - year Treasury yield reaches 3.0 % for first time since 2014: CNN Money

Just like a thorough vetting of cabinet nominees could have foreseen the scandals that later emerged, a thorough vetting and review process for the monster tax cut legislation would have cautioned against such radical moves in the face of massive maturing supply, a trimming Fed, and a debt - strapped consumer that is seeing higher interest rates on mortgages and credit cards as a result of the spike in rates.

«Internet Payday Lending: How High - priced Lenders Use the Internet to Mire Borrowers in Debt and Evade State Consumer Protections» Jean Ann Fox and Anna Petrini, Consumer Federation of America, November 2004

Consumers carrying high levels of debt are more vulnerable to the impact of an unforeseen event or economic shock.

Well - recognized risks: The Bank is focused on the impact of higher rates and high household debt burdens on consumers.

In addition, indicators of financial stress — such as loan arrears — remain low, suggesting that the high debt - servicing burden is not yet imposing a significant constraint on consumer spending.

The Canadian consumer, meanwhile, might be benefiting from somewhat cheaper gasoline, but their spending capacity is stretched thanks to a record high level of household debt.

According to Statistics Canada, Canadians now owe $ 1.67 for every dollar of disposable income and Canada's total consumer debt is now at a sky high $ 2.03 trillion.

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).

«The type of credit that this bill helps consumers access is the kind that makes it easier for vulnerable consumers to sink into insurmountable debt — like payday and other high - cost loans.»

The quarterly MNP consumer debt index survey says 43 % of Canadians say they're feeling the effects of higher interest rates, up five percentage points from three months ago.

But the Korea Automobile Importers and Distributors Assn. projects 10 % growth by the imports, noting this is conservative and takes into account high levels of consumer debt and consumer doubts about the economy.

While not as important as paying a mortgage or saving thousands of dollars from high interest rate debt, a vehicle is still a requirement for most consumers.

This was the fourth highest total of any financial product, trailing only «personal consumer reports,» «debt collection,» and «mortgage.»

Scores below 580 are indicative of a consumer's poor financial history, which can include late monthly payments, debt defaults, or bankruptcy; individuals in this «subprime» category can end up paying auto loan rates that are 5 or 10 times higher than what prime consumers receive, especially for used cars or longer term loans.

Most recently, the FCA is introducing payday loans price cap regulations which are due to take effect as of January 2015 The introduction of price cap will protect consumers from accumulating increased debt from further high annual percentage rates and fees.

This week, new research from TransUnion found that Canadian consumers who make more than the minimum payments monthly on their credit card debt are also more likely to make higher payments on other types of credit as well.

This past decade has seen the personal loan industry grow from a fledgling, high - risk business to a booming space occupied by numerous lenders and prime borrowers.According to the most recent consumer data from TransUnion, the national personal loan debt stood at $ 107 billion in Q2 of 2017.

When my firm, Hoyes, Michalos & Associates, did a study of people who filed a bankruptcy or consumer proposal with us, we found that the average senior debtor owed almost $ 70,000 in unsecured debt, which was the second highest among all age groups.

Because credit cards charge the highest interest rates of any type of consumer debt — typically about 18 % to 22 % — and allow borrowers to string repayments out for so long that it greatly inflates the cost of everything they buy.

This higher debt limit (it was increased from $ 75,000 in 2009) is one of the primary reasons why more than 50 % of all insolvencies in Ontario are now consumer proposals.

Debt management resources can guide consumers to the high ground of debt relief as many credit management companies discover the need for debtor assistance and educatDebt management resources can guide consumers to the high ground of debt relief as many credit management companies discover the need for debtor assistance and educatdebt relief as many credit management companies discover the need for debtor assistance and education.

If you're really committed to this process one thing you can do is roll all of your high interest credit card or consumer debt into a lower interest loan with a product like Discover Personal Loans.

A lot of consumers use that to pay off higher - interest debts like credit cards.

Student loan debt is now the second highest ranked consumer loan debt, next to mortgages, according to the New York Federal Reserve, with the amount of outstanding student loan debt exceeding $ 1 trillion in March of 2012.

Only mortgage debt ranks higher as a source of outstanding consumer debt owed.

If you have any kind of high - interest consumer debt — namely, credit card debt — paying it off will give you a great guaranteed return.

In fact, one of the main reasons why consumers are forced into bankruptcy is high - interest credit card debt.

Those who file bankruptcy or a consumer proposal with the highest amount of student debt are between 30 and 39 years of age and have been out of school for more than seven years.

60 % of those who file a bankruptcy or consumer proposal with student debt are female and have 20 % higher debt loads than their male counterparts; namely $ 15,000 vs. $ 12,000.

Competing with consumer proposals, their debt settlement program came under fire because of the high upfront fees charged by these debt consultants, often for little or no work.

Canadian consumer debt to personal disposable income has soared to 167 per cent — an all - time high, made more problematic by the fact that home equity lines of credit (HELOC) comprised much of the increase.

The Bank's storyline seems to be that the 50 bps of stimulus (now removed) was cultivating imbalances in the form of overheated housing markets and high consumer debt burdens.

This makes SoFi a good fit for younger consumers whose large student loan debts result in a high debt - to - income ratio, which hurts their chances of approval at a traditional lender.

Lenders assign the highest scores to consumers who pose the lowest risks — that is, consumers who consistently pay their bills on time and carry small amounts of debt compared to their overall borrowing capacities.

It depends on a lot of factors but I'd consider paying off the debt right away if its high interest consumer debt as you'd see an immediate improvement in your monthly cash flows (your monthly debt payments would be eliminated / decreased).