Tim Jackson, a sustainability expert who studies sociology and economics, says the economical cycle is locked to a soc
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The national default rate on student loans hit 7%, the Department of Education reported.
As of June 30, the number of open credit card accounts have fallen 23.2% from the 2008 peak. Consumers continue to shun debt.
Every month financial markets wait for the Thomson Reuters/University of Michigan index of consumer sentiment to get a sense of what consumers are feeling.
Americans look increasingly interested in repairing their own balance sheets: borrowing less and saving more.
In the rush to get out of the office this past Friday, the Consumer Credit numbers kind of got swept under the rug. They were bad.
The era of conspicuous consumption has come to an end.
A couple of nuggets from the Mastercard conference call.