Like Kenny Rogers' gambler, who has to "know when to hold 'em, know when to fold 'em," banks face financial risks and uncertainty when deciding when to chase consumers who default on their credit card payments and when to ...
Economics & Business
Jul 25, 2019
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According to data recently released by the Federal Reserve, the amount of outstanding debt that Americans hold—often in the form of credit card debt—hit a new high at $1.021 trillion in June 2017, topping the previous ...
Economics & Business
Oct 2, 2017
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Would you rather go into debt for a stylish leather sofa or a trip to Hawaii?
Economics & Business
Sep 8, 2017
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After Hurricane Katrina devastated New Orleans a dozen years ago, there was a sharp and immediate drop in personal debt among residents living in city's most flooded blocks, according to a new Case Western Reserve University ...
Environment
Aug 28, 2017
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Popular media mirror Western culture's fixation with being thin. According to a new study in the Journal of Consumer Research, even subtle reminders of idealized bodies can encourage overweight consumers to overspend.
Economics & Business
Mar 22, 2017
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An Australian start-up founded with credit card debt and a "Don't #@!% the customer" motto is set to list on the Nasdaq stock exchange in a rare example of the entrepreneurial spirit the government is trying to nurture.
Business
Dec 9, 2015
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It's getting closer to winter, and all of a sudden you need a new HVAC system that'll cost $5,000. You've got the money in a savings account. Will you spend that money, or pay with a high-interest credit card instead? According ...
Economics & Business
Nov 2, 2015
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Can pride in a personal achievement also help you turn down the dessert tray, or can it make you want to indulge as a reward? It all depends, according to new research published in the October issue of the Journal of Consumer ...
Social Sciences
Sep 9, 2015
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Small business creation—a critical economic engine—is significantly hampered in areas of the country where residents carry more substantial student loan debt, according to research co-authored by Brent W. Ambrose of the ...
Economics & Business
Jul 6, 2015
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Economically vulnerable families are increasingly willing to take on debt to maintain a basic standard of living—a situation that can put them into a deep financial hole, according to a new University of Michigan study.
Economics & Business
May 27, 2015
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