U.S. Personal Savings Rate Sinks To 17-Year Low; So Far, Equity Markets Yawn
Equity markets continue to rally on the hopes of some combination of peak inflation, a coming slowing in the rate
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Household Debt
American Consumers Descend Further into Debt
Consumers across America embarked on unprecedented shopping sprees last year, causing total household debt to jump by $1 trillion— the
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Household Net Worth Sent Soaring Amid Real Estate Boom
The Covid-19 pandemic has sent some households’ net worth soaring by more than $2 trillion since the beginning of 2020,
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Government Transfer Payments Sent US Personal Incomes Soaring to New Record
US Household incomes soared by the most on records dating back to 1946, as an unprecedented amount of government stimulus
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Canadian Households and Businesses Hoarding a Record-Breaking $170 Billion in Excess Cash
The coronavirus pandemic has created significant financial uncertainty for many Canadians, pushing them to forego current spending and instead save
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American Household Debt Falls for the First Time in 6 Years, Credit Card Balances Drop by Record $76 Billion in Q2
While the coronavirus pandemic forced businesses across the US to shut their doors and millions of Americans to stay at
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Millions of Americans Have Skipped Loan Payments Since Beginning of Pandemic
When the coronavirus pandemic froze over the US economy, more than 45 million Americans found themselves out of a job
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US Banks Bracing for Period After Loan Deferrals Expire
When first quarter earnings were coming out, many US banks realized the true extent of the economic hardship brought on
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US Consumer Debt Hits Record $14.3 Trillion Amid Coronavirus Pandemic
Since the onset of the coronavirus pandemic, the proceeding consequences have been dire on the already precarious US economy. According
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Almost Half of Canadians Said They Were Insolvent BEFORE The Shutdown
In a survey completed by MNP on March 5th 2020, they found 29% of Canadians say they are insolvent with
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