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Tag Archives: consumer spending

Some lenders getting antsy about household debt

Kelly Dilworth

If you’re already carrying a hefty amount of student loan, mortgage or credit card debt, you may have a tough time convincing your lender you deserve another loan. A new survey from the Professional Risk Managers International Association and FICO found that the majority of bank risk professionals cite high debt-to-income ratios (which compare how much debt you owe to how much money you take in) as their biggest source of worry when deciding whether to approve a new loan.
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Hoping for a financially brighter 2013 — and still thinking about the recent past

Kelly Dilworth

Over the holidays, I turned down an invitation to visit a family member who lives in a rural area a few hours from town because I was afraid my aging Toyota would break down along the way.

That — along with my semi-monthly trips to the auto mechanic this fall — should have been my cue to stop the procrastination and finally buy a more reliable car. But, like many recession-scarred Americans, I probably won’t — at least, not any time soon.

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Before crash, we spent more, but liked it less

Matt Schulz

Consumer confidence and consumer spending had generally walked hand in hand over the past 30 years — sometimes rising, sometimes falling, but rarely straying too far from one another. That all changed somewhere in the middle of this decade, according to a new essay from economists with the Federal Reserve Bank of Chicago.
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Study: Card issuers squeamish about bringing in new customers

Matt Schulz

Frightened off by tough economic times, most credit card issuers are scaling back their pursuit of new customers because they just aren’t worth the risk, according to a new study.
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