By Nathalie Voit The number of Americans living paycheck to paycheck fell slightly from a high of 61% in June to 59% in July, LendingClub and PYMNTS said in a just-released report. According to the monthly collaboration with Lending Club, about three-quarters of consumers making less than $50,000 a year were living paycheck to paycheck in [...]
By Nathalie Voit About three in four consumers surveyed by 4Over expect price increases for items this upcoming holiday season. The culprit? The country’s record-high inflation rate. According to the survey results, 59% of consumers are worried about buying gifts for loved ones heading into the holidays due to the high cost of living. In anticipation of even [...]
By Nathalie Voit Scams and fraud related to identity misuse have reached unprecedented levels over the last two decades in the U.S, the Identity Theft Resource Center (ITRC) said in a new report. In its 2021 Trends in Identity Report, the organization dedicated to helping victims of identity misuse saw a 235% increase in reports of [...]
By Nathalie Voit The average new-vehicle loan shot up to a record $40,290 during the year’s second quarter, Experian said in a new report published on Aug. 25. Experian’s “State of the Automotive Finance Market” report shows consumers shelling out $667 a month on average to finance a new car, up almost 15% from a [...]
By Nathalie Voit In remarks from the White House delivered on Aug. 24, President Joe Biden announced he would cancel $10,000 in federal student loans for approximately 43 million borrowers. Pell Grant recipients would be eligible for up to $20,000 in loan forgiveness. As per the Education Department, the targeted relief would go to individuals earning less than $125,000 [...]
By Nathalie Voit Exercise equipment maker Peloton announced it will begin selling select products and accessories on Amazon. In a news release posted on the company’s website on Aug. 24, Peloton said its iconic bike will be available in Amazon stores starting Wednesday. Other products available at launch include the company’s $295 interactive strength training Guide and accompanying accessories, [...]
By Nathalie Voit The U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) has issued a public health alert for Perdue’s frozen ready-to-eat (RTE) chicken tenders As per the alert, the RTE chicken tenders “gluten-free” may be contaminated with foreign materials, specifically tiny pieces of clear plastic and blue dye. The agency said a recall [...]
By Nathalie Voit Consumers are finally benefitting from lower prices at the pump. The national average for a gallon of regular gas fell to $3.88 on Aug. 24 after declining for more than 70 days in a row. Compared to one month ago, prices are 49 cents cheaper, AAA data showed. Although prices are still 73 cents [...]
By Nathalie Voit About one in two economists surveyed by the National Association of Business Economics (NABE) expect a recession to begin by year’s end or by the first quarter of 2023. Nearly one in five (19%) believe the U.S. is already in a recession. Another 20% expect the next recession to occur in the [...]
By Nathalie Voit The lowest salary Americans are willing to accept for a new full-time job surged by 5.7% over the year in July to reach $72,873, the Federal Reserve Bank of New York said in its latest SCE Labor Market Survey. The average reservation wage is up from $68,954 in July 2021, with respondents under [...]
© 2021 Consumers Bulletin, All Rights Reserved.