Blog
Student Loan Forgiveness Promise Backfires
Posted Jun 21, 2023 by Martin Armstrong
The student loan forgiveness plan backfired plain and simple. Payments were frozen three years ago in March 2020 under the CARES Act when countless people were out [...]
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Credit Card Debt on the Rise
Posted Jun 5, 2023 by Martin Armstrong
Credit card debt in the US spiked to its highest quarterly level in Q4 2022 after increasing by $85.8 billion. The average American household has about $10,000 in [...]
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Credit Card Debt on the Rise
Posted Jun 14, 2022 by Martin Armstrong
The various handouts and moratoriums during the pandemic drove the personal savings rate down to World War II levels. Everything was closed – there weren’t many [...]
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The Psychology Behind Consumer Spending and Hedonic Adaptation
Posted Oct 18, 2021 by Martin Armstrong
Consumer debt in the US reached $14.88 trillion in 2020, according to Experian’s consumer debt study. That is a $3 trillion increase in the past decade, and [...]
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