Thu, April 24, 2025
[ Thu, Apr 24th ]: CNBC
Pakistan finance minister says China and U.S. are Islamabad's 'critical and strategic allies'
[ Thu, Apr 24th ]: CoinTelegraph
Russia's central bank, finance ministry to launch crypto exchange
[ Thu, Apr 24th ]: Forbes
7 Keys To Effective Communication In Business
Wed, April 23, 2025
[ Wed, Apr 23rd ]: Bravo
Paige Makes Stunning Claim About Her and Craig's Pre-Split Finances: "I'm the Breadwinner" | Bravo
[ Wed, Apr 23rd ]: PBS
NJ Spotlight News | Mayors expand program for Black and Latinx business owners | Season 2021
[ Wed, Apr 23rd ]: WDAF
Crossroads business owners call for changes to parking policies
[ Wed, Apr 23rd ]: BBC
Coventry business park approved amid residents' concerns
[ Wed, Apr 23rd ]: WBUR
On spring's 'Big Night,' frogs and salamanders brave New England's busy streets
[ Wed, Apr 23rd ]: KTVX
Salt Lake Bees' new stadium in Daybreak expected .. ring economic impacts, growth to local businesses
[ Wed, Apr 23rd ]: WDSU
New Orleans businesses brace for impact of tariffs
[ Wed, Apr 23rd ]: KTVI
Ex-finance manager admits embezzling $700K from St. Louis County charity
[ Wed, Apr 23rd ]: Tennessean
Candy McCampbell, Tennessean business news pioneer and role model, dies at 78
[ Wed, Apr 23rd ]: Patch
Elmhurst D205 Picks Top Finance Official
[ Wed, Apr 23rd ]: WHTM
Vehicle crashes into Chambersburg business
[ Wed, Apr 23rd ]: TechCrunch
Froda secures $23M Series B for its debt financing platform for SMEs | TechCrunch
[ Wed, Apr 23rd ]: AOL
Musk on Trump tariffs: I'm an advocate for 'free trade and lower tariffs'
[ Wed, Apr 23rd ]: legit
IMF warns of 'intensified' risks to outlook for public finances
[ Wed, Apr 23rd ]: Forbes
Intangible Assets: The New Currency Of Business Success
[ Wed, Apr 23rd ]: Fortune
IRS refunds are 32% lower on average so far this tax season
[ Wed, Apr 23rd ]: Impacts
Maximizing Approval Odds for Equipment Financing with Bad Credit
[ Wed, Apr 23rd ]: ProPakistani
Finance Minister Wants Private Sector to Help Deal With Climate and Population Challenges
[ Wed, Apr 23rd ]: Moneycontrol
Shriram Finance Q4 Preview: Double-digit profit growth likely amid strong loan growth
[ Wed, Apr 23rd ]: Reuters
ANZ appoints Raciti country head of Singapore and head of SEA, India and Mideast
[ Wed, Apr 23rd ]: CNN
NH business owner says tariffs forced him to cut most staff | CNN Business
[ Wed, Apr 23rd ]: Insider
I'm a financial advisor and my wealthy clients ar .. rried. Here are 4 tips I'm giving them right now.
Tue, April 22, 2025
[ Tue, Apr 22nd ]: WCAX3
New South Burlington business aims to repurpose e-waste
[ Tue, Apr 22nd ]: WMUR
Business leaders concerned about potential cuts to New Hampshire university system
[ Tue, Apr 22nd ]: Flightglobal
Brazil's Gol extends exit financing deadline in response to US tariffs
[ Tue, Apr 22nd ]: Investopedia
Businesses Look to Their Wealthiest Customers in Uncertain Economy
[ Tue, Apr 22nd ]: WECT
Town of Burgaw finance officer arrested and charged for DWI, hit and run
[ Tue, Apr 22nd ]: TechRadar
Hackers are hitting firewalls and VPNs to breach businesses
[ Tue, Apr 22nd ]: KIRO
CAUGHT ON CAMERA: Car slams into Vancouver businesses
[ Tue, Apr 22nd ]: Bloomberg
A $50 Billion Finance Deals Flurry Defies the Global M&A Gloom
[ Tue, Apr 22nd ]: Forbes
Strategically Implementing AI: A Guide For Businesses
[ Tue, Apr 22nd ]: Reuters
Sale of Italian payments company PagoPA to mint and Poste hits valuation snag, sources say
[ Tue, Apr 22nd ]: KOIN
Oregon business owners decry 'whipsawing' tariffs
[ Tue, Apr 22nd ]: CNN
FTC sues Uber, alleging 'deceptive' Uber One charges and cancellations
[ Tue, Apr 22nd ]: Moneycontrol
Committed to simplify regulation and reduce business costs, assures FM Sitharaman
[ Tue, Apr 22nd ]: Zawya
DMCC tradeflow secures Shariah certification, advancing Dubai's global role in Islamic Finance
[ Tue, Apr 22nd ]: Fortune
Siemens says it will invest $285 million in U.S. .. luding two new facilities in California and Texas
[ Tue, Apr 22nd ]: BBC
Everton news: Financial reports show Toffees can 'build towards something new'
Mon, April 21, 2025
[ Mon, Apr 21st ]: Reuters
US stocks nosedive as Trump harangues Powell
[ Mon, Apr 21st ]: Forbes
Trump Vs. Powell: Business Planning Implications
[ Mon, Apr 21st ]: CNET
FreeTaxUSA 2025 Review: A Cheap Way to File Your Federal and State Taxes
[ Mon, Apr 21st ]: CNN
Starbucks is updating its dress code for baristas | CNN Business
[ Mon, Apr 21st ]: MassLive
People in Business: April 21, 2025
[ Mon, Apr 21st ]: BBC
Guardiola on injuries, Grealish and summer business
[ Mon, Apr 21st ]: Fortune
Elon Musk's Tesla reportedly halts Cybertruck del .. ies as owners complain of metal sides falling off

Consumer Finances May Be in Better Shape Because They've Cut Back on Spending, BofA Says

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. ause-they-ve-cut-back-on-spending-bofa-says.html
  Print publication without navigation Published in Business and Finance on by Investopedia
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Across the income spectrum, fewer Americans have a revolving credit card balance, Bank of America said.
According to a Bank of America report cited by Investopedia, U.S. consumer finances may be in better shape due to reduced spending, which has led to increased savings and lower debt levels. The report indicates that consumer spending has been below pre-COVID levels, contributing to a rise in the personal savings rate to 13.1% in June 2023, up from 3.4% in 2019. Additionally, credit card balances have decreased, and the percentage of consumers missing payments has dropped to 1.5%, the lowest since April 2022. Bank of America suggests that these trends could help consumers weather potential economic downturns, although they caution that the situation could change if spending patterns shift back to pre-COVID norms.

Read the Full Investopedia Article at:
[ https://www.investopedia.com/consumer-finances-may-be-in-better-shape-because-they-have-cut-back-on-spending-bofa-says-11720016 ]