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Consumer credit creep

Consumer credit creep

Marketplace vor 1 Woche

0:00

25:26

Inflation is affecting all of us. But when costs go up,
lower-income households are especially vulnerable to credit creep
— that’s when consumers use credit for more and more
transactions. One survey found 29% of buy now, pay later users
took out the loans to pay for groceries, double the percentage
from just a couple of years ago. Also in this episode: What might
happen to the labor market if Fed raises interest rates, how
immigration crackdowns are tied to a 14-year homebuilder
confidence low, and why political candidates are competing for AI
attention.

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Read the stories in today’s episode:

What will happen to the job market if the Fed raises interest
rates?

Struggling consumers are increasingly turning to high-cost
credit for basic needs

This farmer was promised a $20,000 grant to go solar. USDA
changed the rules

How immigration crackdowns are tightening the construction
labor market

Candidates campaign for AI attention

Home-based coffee shops provide unique perks for owners and
customers