Macy's (M) revealed in its first quarter earnings report that more consumers with Macy's credit cards are falling behind on their payments. The company's...
) revealed in its first quarter earnings report that more consumers with Macy's credit cards are falling behind on their payments.
And they're saying that credit card delinquencies on a year over year basis, that change was falling by about 8.9%.And then the total us household debt that actually increased by about 1.1% from Q 4 to 17.69 trillion average credit card debt per borrower that is now just over 6200 bucks.
I just find it and you know, I find it fascinating how exactly are talking about the consumer and how that's changed the delta between this time last year where it was, hey, the consumer is resilient everyone to now, the consumer is under pressure, the consumer stretch or relatively stable like we heard from Walmart CFO Yeah, exactly.
So we are seeing that discrepancy, which is certainly worth noting, we will be getting earnings results out from target also this week, which will paint a bigger, a better picture of exactly how the consumer is feeling right now. Canada's inflation rate cools to 2.7 per cent in April, likely giving BoC 'all clear' for June rate cutTrump Media and Technology Group, the company affiliated with former U.S. president Donald Trump that operates Truth Social, reported $770,500 in revenue for the first quarter of 2024 and a net loss of $327.6 million. Shares in Sarasota, Fla.
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