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Introduction

Category: Consumer Debt

Category: Consumer Debt

Cautious Consumers Cut Credit Card Consumption

Posted on: February 2, 2021 February 2, 2021 Written by: BauerFinancial
Since the pandemic began, not only are Americans cutting back on new credit card purchases, many consumers have been working to lower their balances. At the end of 2019, credit card balances at U.S. banks stood at over $941 billion.…
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Home for sale due to foreclosure

Home Sales Up, But for How Long?

Posted on: August 24, 2020 August 24, 2020 Written by: BauerFinancial Comments: 0
Last week we reported that consumers are paying down their credit card debt. We also mentioned that mortgage debt and mortgage originations were on the rise. Today we are going to delve further into that phenomenon. Tim Ellis, a Senior…
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hand holding several types of credit cards like a fan

Consumers Focus on Paying Down Debt

Posted on: August 17, 2020 August 17, 2020 Written by: BauerFinancial Comments: 0
Housing takes, by far, the largest bite out of most consumers’ wallets, at least in this country. That’s followed by student debt, automobile loans and then, finally, credit card debt. And, according to the Federal Reserve Bank of New York’s…
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Bad Debt

Unemployment Begets Bad Debt

Posted on: May 18, 2020 May 18, 2020 Written by: BauerFinancial
Chairman of the Federal Reserve, Jerome Powell, made some poignant remarks in a speech on Wednesday. What we found particularly disheartening was that: People who had a job in February and whose annual household income was less than $40,000 stood…
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Debt, Delinquencies, Unemployment, All Up

Debt and Delinquencies Up

Posted on: May 12, 2020 May 12, 2020 Written by: BauerFinancial
Thanks to the New York Fed, we are getting our first glimpse into first quarter numbers, and it’s not a pretty sight. Household debt hit a new record at $14.3 trillion. That’s not a surprise; it’s been rising every quarter…
Continue reading “Debt and Delinquencies Up”…
Student Loan Debt

Shop Around for Student Loans

Posted on: February 24, 2020 December 9, 2020 Written by: BauerFinancial
It Pays to Shop Around for Student Loans Topping the $1.5 trillion mark, student loan debt is now the second highest type of household debt (after mortgages) in the U.S. Along with the burgeoning growth of student debt is a…
Continue reading “Shop Around for Student Loans”…

Consumer Debt Reaches New High

Posted on: February 18, 2020 February 18, 2020 Written by: BauerFinancial
Consumer Debt Reaches New Record High After five straight years of continued growth, U.S. consumer debt passed $14 trillion at the end of 2019, a new record high, according to the Federal Reserve Bank of New York (FRB). Consumer debt…
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Consumer Debt on the Rise

Consumer Debt Edging Up

Posted on: February 10, 2020 February 10, 2020 Written by: BauerFinancial
Consumer Debt Increases at Community Banks Total loans and leases grew 4.6% at the nation’s banks during the 12 month period ending September 30, 2019. While Commercial and Industrial loan growth led the way at an annual rate of 6.3%,…
Continue reading “Consumer Debt Edging Up”…

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Bank and Credit Union data compiled from financial data for the period noted, as reported to federal regulators. The financial data obtained from these sources is consistently reliable, although; the accuracy and completeness of the data cannot be guaranteed by BauerFinancial, Inc. BauerFinancial relies upon this data in its judgment and in rendering its opinion (e.g. determination of star ratings) as well as supplying the data fields incorporated herein. BauerFinancial, Inc. is not a financial advisor; it is an independent bank research firm. BauerFinancial is a registered trademark. Any unauthorized use of its content, logos, name, and/or Star-ratings is forbidden.

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