Quotes from the news wire:
Make sure the assistance [you give] works within your budget and be clear about the parameters, helping out shouldn’t be seen as a blank check or an indefinite handout. It might help to attach a specific dollar amount or time frame.
Found on CNN 1 year ago
Higher prices are juicing some of these stats, then again, there is a lot of demand, the job market is strong. I feel like consumer spending has been more robust than a lot of us predicted.
Found on CNN 1 year ago
The resilience of consumer spending is probably the biggest thing that’s pushed this recession timetable out, in some respects, this is actually good for the economy because people are spending. But what we worry about at the household level is, are they going to spend too much and get into trouble?
Found on CNN 1 year ago
There are several websites on which you can sell or exchange them.
Found on CNN 1 year ago
They’re not going to get more valuable over time; it’s the exact opposite, as inflation eats away at the value. And the longer you hold onto these unused gift cards, the more likely you are to lose them or forget about them or have the store go out of business.
Found on CNN 1 year ago
I thought with high inflation, people would go to town with their gift cards. but I was surprised.
Found on CNN 1 year ago
Inertia is a big factor, sometimes the gift card is for a store that you don’t particularly like or it’s not convenient to go there.
Found on CNN 1 year ago
Long story short, we’re seeing a more cautious consumer, consumer spending certainly isn’t falling off a cliff, but we are seeing ample evidence that Americans are becoming more reluctant to make certain purchases, especially larger expenses and acquiring physical goods.
Found on CNN 1 year ago
Even if spending may be tailing off a bit, high inflation and higher interest rates are making balances harder to pay off, more people are putting necessities on credit cards and financing these expenses over time.
Found on CNN 1 year ago
Consumer spending certainly isn’t falling off a cliff, but we are seeing ample evidence that Americans are becoming more reluctant to make certain purchases, especially larger expenses and acquiring physical goods, services spending has been more robust, perhaps still owing to pent-up demand that stacked up during the pandemic for things like traveling and dining out.
Found on CNN 1 year ago
I think we can attribute a lot of that [revolving debt increases] to holiday shopping.
Found on CNN 1 year ago
It’s really revolving credit, mostly credit card debt, that’s carrying the day right now, a lot of that would be on essentials, some of it on discretionary stuff as well; but with the average credit card rate approaching 20%, it’s a tough time to be growing your balance.
Found on CNN 1 year ago
It doesn't make sense to pursue 1 %, 2 % or even 5 % in cash back( or an equivalent amount of airline miles or hotel points) if you're paying a high interest rate.
Found on CNN 2 years ago
You can divide what you owe by the number of months remaining and try to stick to it, i think this makes more sense than constantly making a series of purchases with the 0 % card.
Found on CNN 2 years ago
These are often travel cards with premium perks the annual fee might be well worth it if you're going to make good use of the airport lounge, the free checked bags or other perks, but not if you rarely travel.
Found on CNN 2 years ago
We had a sharp and quick decline in credit card balances because of the stimulus, because of the pandemic, because people spent less, and they paid off debt, and now we're seeing an equally sharp run back up -- much faster than something like the financial crisis [ when ] it took five years to find the bottom and five more to climb back up.
Found on CNN 2 years ago
Retailers say they would lower prices if they paid less in card processing fees, but there's no evidence they did that after the Durbin Amendment, and I seriously doubt they would do it now.
Found on CNN 2 years ago
It would be nice if we could keep lower balances as a part of our future, you don’t want to throw that all away and run those balances right back up – because this is very expensive debt.
Found on Reuters 3 years ago
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