L’endettement total des consommateurs dépasse les 2 billions de dollars NYSE:EFX

[ad_1] TORONTO, 30 nov. 2020 (GLOBE NEWSWIRE) — Selon le plus récent rapport d’Equifax Canada sur les conditions du crédit à la consommation, la croissance soutenue du marché de l’habitation et les nouveaux prêts automobiles ont fait grimper la dette des consommateurs de 3,8 % pour atteindre 2 041 billions de dollars au troisième trimestre. La dette moyenne … Read moreL’endettement total des consommateurs dépasse les 2 billions de dollars NYSE:EFX

Total Outstanding Consumer Debt Tops $2 Trillion NYSE:EFX

[ad_1] TORONTO, Nov. 30, 2020 (GLOBE NEWSWIRE) — Continued growth in the housing market and new auto loans led the way in driving total consumer debt up by 3.8 per cent to $2.041 trillion in the third quarter, according to Equifax Canada’s most recent report on consumer credit conditions. Overall average consumer debt rose to … Read moreTotal Outstanding Consumer Debt Tops $2 Trillion NYSE:EFX

Japan Sept Household Spending Slumps, COVID-19 Pain Lingers

[ad_1] TOKYO, Nov 6 (Reuters) – Japan’s household spending slumped 10.2% in September from a year earlier, government data showed on Friday, a sign sluggish domestic demand will continue to drag on any recovery for the world’s third-largest economy. The data underscores the challenge policymakers face in balancing the need to prevent the spread of … Read moreJapan Sept Household Spending Slumps, COVID-19 Pain Lingers

Spending dropped, savings dwindled for U.S. unemployed after enhanced benefits expired

[ad_1] Jobless Americans who received enhanced unemployment benefits during the pandemic were able to boost spending and pad up their savings for a time. But the majority of those savings were spent quickly after emergency benefits expired, a study released on Friday found, suggesting many of the unemployed may need more financial help soon. People … Read moreSpending dropped, savings dwindled for U.S. unemployed after enhanced benefits expired

Global Central Bankers Say It’s Too Early to Stop Virus Spending

[ad_1] The world’s top central banks are urging governments to put concerns about mounting debt aside for now and keep spending until the economic recovery from coronavirus is complete. Their calls are being met with pushback in some countries, where the question of how to pay for rescue efforts is creeping up the agenda. But … Read moreGlobal Central Bankers Say It’s Too Early to Stop Virus Spending

U.S. Factory Orders Miss Expectations

[ad_1] New orders for U.S.-made goods increased less than expected in August, though business spending on equipment appeared to be recovering, which likely supported the economy in the third quarter. The Commerce Department said on Friday that factory orders rose 0.7% after accelerating 6.5% in July. Economists polled by Reuters had forecast factory orders would … Read moreU.S. Factory Orders Miss Expectations

UK Retail Sales Rise Further Above Pre-COVID Levels

[ad_1] British shoppers continued to increase spending last month, taking sales further above pre-COVID levels, as strong online demand helped much of the sector enjoyed a faster rebound than the rest of the economy. Retail sales volumes rose by 0.8% in August, the Office for National Statistics said – slightly above the average 0.7% forecast … Read moreUK Retail Sales Rise Further Above Pre-COVID Levels

Little Stimulus, Tight Debt Targets in Mexico’s Budget

[ad_1] MEXICO CITY (Reuters) – Mexico’s government plans to keep a lid on spending while offering some support for hospitals, pensioners and infrastructure in a lean 2021 budget that forecasts only partial recovery for an economy hammered by the COVID-19 pandemic. Delivering the budget proposal to Congress, Finance Minister Arturo Herrera said Mexico could ill-afford … Read moreLittle Stimulus, Tight Debt Targets in Mexico’s Budget

245 Million China’s Baby Boomers are Set to Retire

[ad_1] China’s baby boomers are set to retire in the coming years, and they’re spending in different ways compared to the current retirees, according to a Credit Suisse report. These baby boomers — defined in the report as those born in the 1960s — are more aware of having their health-care needs covered, and that’s … Read more245 Million China’s Baby Boomers are Set to Retire

U.S. Consumer Spending Beats Expectations in July

[ad_1] WASHINGTON (Reuters) – U.S. consumer spending increased more than expected in July, strengthening expectations for a sharp rebound in economic growth in the third quarter, though momentum is likely to ebb as the COVID-19 pandemic lingers and fiscal stimulus dries up. The Commerce Department said on Friday that consumer spending, which accounts for more … Read moreU.S. Consumer Spending Beats Expectations in July