Household Debt Ratios Quickly Sink to New Lows

Household Debt Ratios Quickly Sink to New Lows

Household debt ratios for the third-quarter plummeted to levels not seen in more than 40 years. The Financial Obligations Ration (FOR) dropped 100 basis points (bps) over the past year, while the Debt Service Ratio (DSR) has declined 72 bps since the third-quarter of 2019, based on figures released by the Federal Reserve. The sharp…

Home Sharing Hotels

Home Sharing, Hotels Maternity & Financial Goals

Home sharing is becoming more expensive than a hotel stay as greedy homeowners slip in exorbitant cleaning fees and service fees. At the same hotels are migrating to the gig economy for cleaning services an apps for room service from local restaurants, according to Bankcenter and CardBuzz. Senior Analyst Robert McKinley for CardTrak says as…

Consumer Confidence

Consumer Confidence Key to Recession & Payments

Consumer confidence may be beginning to show some cracks as recent surveys and monthly data confirm. Affecting about two-thirds of economy, the fog will clear following the release of fourth-quarter payments-related reports this month. The overall consumer confidence trend for 2019 has been downward, except for high income households ostensibly benefiting from a record setting…