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Category: Economy

Trump Tax Cuts and Jobs Act Fizzled for Americans Bigly

December 28, 2020 CardBuzz Staff 23 Comments

President Trump, after signing the Tax Cuts and Jobs Act into law on Dec. 22, 2017, called it “rocket fuel”…

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Posted in: Banking, CONSUMER, Consumer Debt, Data, Debt, Economy, Federal Reserve, Mortgages, Profits, Taxes, Uncategorized

Drowning in Past-Due Rent

December 10, 2020 CardBuzz Staff 101 Comments

Millions of Americans who lost their jobs during the pandemic have fallen thousands of dollars behind on rent and utility…

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Posted in: Banking, Bankruptcy, Budgeting, CONSUMER, Debt, Debt Collection, Delinquency, Economy, Late Payments, Spending, Uncategorized

Coronavirus Blows Up Travel Plans – Who Pays?

March 5, 2020 CardBuzz Staff 23 Comments

As coronavirus spreads globally and cases rise in the United States, private businesses are assessing their level of risk. No…

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Posted in: Air Travel, CONSUMER, Economy, Health, Uncategorized

Coronavirus Brings Crypto to its Knees

March 2, 2020 CardBuzz Staff 22 Comments

Trillions of dollars has been wiped from global equity markets on the back of coronavirus-related fears, with it now spreading…

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Posted in: BUSINESS, Cryptocurrency, Economy, Investing, Uncategorized

COVID-19 Drives Ultra-Low Mortgage Rates

February 28, 2020 CardBuzz Staff 9 Comments

Mortgage rates dropped once again to the lowest level since October 2016, as investors fretted over the threat posed by the…

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Posted in: CONSUMER, Economy, Health, Mortgages, Savings, Uncategorized

App-Based Gig Work Killing Hospitality Jobs Bigly

January 14, 2020 CardBuzz Staff 23 Comments

A few years ago, Adalberto Martín began to see some troubling changes at work. As a veteran member of the…

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Posted in: Apps, CONSUMER, Economy, Robotics, Travel, Uncategorized

Americans Jump Start Holiday Credit Card Debt

December 20, 2019 CardBuzz Staff

Americans tapping holiday credit early this year as holiday spending drove U.S. credit card debt up by nearly $8 billion…

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Posted in: CONSUMER, Consumer Debt, Debt, Economy, Retail, Spending

Consumers Struggle with Card Payments in Juiced Economy

December 2, 2019 CardBuzz Staff

U.S. card late payers continue to creep upward to levels not seen since 2013 and running about 40 bps (basis…

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Posted in: Bank of America, BUSINESS, Capital One, Chase, Citibank, Delinquency, Economy, Federal Reserve

Small Business Owners Say What Me Worry?

November 24, 2019 CardBuzz Staff

Small business owner optimism continues to hold steady despite concerning and growing global economic negative indicators. However, the delay in…

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Posted in: CONSUMER, Economy, Small Business, Spending, Wells Fargo

Coming Clash Between AI & EEOC

November 15, 2019 CardBuzz Staff

Just when we thought it was safe to go back in the water, a new threat has emerged to equal…

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Posted in: Artificial Intelligence, BUSINESS, Economy

Credit Card Delinquency Heading to 7-Year Highs

November 3, 2019 CardBuzz Staff

Third-quarter card delinquency, among the nation’s top four credit card issuers, continued to march upward, now hovering at levels not…

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Posted in: Bank of America, BUSINESS, Capital One, Chase, Citibank, Credit Cards, Delinquency, Economy, Spending

Gig Economy Financial Moves

October 15, 2019 CardBuzz Staff

According to a recent survey, nearly 50% of all gig economy workers are not saving for retirement. The survey, conducted by…

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Posted in: CONSUMER, Consumer Debt, Economy, Insurance, Investing, Savings, Student Loans

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