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Paltry US credit-card debt growth signals restrained consumer
Jobs growth has been solid of late, and manufacturing sentiment has been strong. But the lack of wage growth has been apparent, and one manifestation of that has been the paltry growth of credit-card debt. The latest data on consumer credit is due out Thursday. Non-revolving debt like auto and student debt has been growing gangbusters. But you have to squint to see the rise in credit-card debt. Data from the Labor Department showed hourly wages growing at just a 2% year-on-year clip , even though some survey data point to better wage acceleration than that. Another measurement of wage costs, the somewhat cumbersome ... (full story)
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- Aug 4, 2014 6:41am Aug 4, 2014 6:41am
- ddinnov
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- Acroix70
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- Pip Anon
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When the facts change I change my mind, what do you do sir
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- albchr
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Ghost Rider - WWTBMD?
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- Pip Anon
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When the facts change I change my mind, what do you do sir
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- albchr
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Ghost Rider - WWTBMD?
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- Spreadbetter
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"The meek shall inherit the earth.." Yeah right, good luck with that shit..
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- Pip Anon
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When the facts change I change my mind, what do you do sir
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- Acroix70
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