Americans

Companies like Afterpay and Affirm could put Americans at risk for “phantom debt” – The New York Times

Buy now, pay later loans are contributing to a record-breaking holiday shopping season. Economists fear they could also obscure and exacerbate gaps in Americans’ financial well-being. Loans, which allow consumers to pay for purchases in installments, often interest-free, have become very popular due to the high prices and interest rates. Retailers have used them to … [Read more…]

62% of Americans are living paycheck to paycheck as holiday spending and credit card debt rise –

Holiday spending this year from Nov. 1 to Dec. 31 is expected to rise 3 percent to 4 percent from last year to a record $957.3 billion to $966.6 billion, according to the National Retail Federation. Even as credit card debt tops $1 trillion, nearly all — or 96% — of shoppers said they expect … [Read more…]

CBS News Poll Shows Americans Feel Inflation's Impact on Living Standards, Opportunities

The impact of inflation may even go beyond the immediate pressure on Americans’ wallets, but rather a sense that it is stifling opportunity in America and a deeper sense that the country’s economic problems have been worse overall in recent years others it has faced in generations. Even in the face of better labor market … [Read more…]

Americans will be refunded the extra charge they paid for our maple syrup

While Quebecers continue to pay a premium for maple syrup in restaurants, Americans can get reimbursed for the same purchase thanks to a promotion by Érable du Québec. The “Bill the Maple” campaign will allow American consumers to get their money back if they chose Quebec maple syrup over inferior brands. An advertising campaign that … [Read more…]

The Fed is worried that Americans will become accustomed to high inflation. It may already be happening. -CNN

Washington, D.C. CNN – A worrying sign is emerging for the Federal Reserve. The Fed is keeping a close eye on several risks that could make its job of containing inflation even more difficult, such as fervent consumer demand putting some upward pressure on prices and the potential impact of geopolitical tensions in the Middle … [Read more…]

Some Americans don’t tip enough, according to a Pew Research survey

A Pew Research Center survey of 12,000 people shows that most Americans tip 15% or less for a typical sit-down meal and that many are frustrated by other tipping situations A new survey shows that many Americans are falling short when it comes to tipping their servers. The Pew Research Center survey of 12,000 people … [Read more…]