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This week's Consumer Price Index report from the U.S. Department of Labor showed a continued easing in the inflation rate, with overall inflation in March 2023 rising only 5% from the previous ...
U.S. consumer debt snapshot. Average loan balances grew for most types of consumer debt in 2023. Credit cards—the debt products with the highest average interest rates for consumers—grew the most.
Consumer spending lifted by more than a 10th in 2022 but retailers saw a slump as rising energy costs dragged on household budgets. New data from Barclaycard has revealed consumer card spending ...
The latest available results are those of the 2022 survey. [6] Two general types of data set are provided – first, the full public data set is given in DAP / SAS , Stata and ASCII computer formats; second, an extract file of summary variables is provided in Microsoft Excel spreadsheet format.
The annual percent change in the US Consumer Price Index for All Urban Consumers is one of the most common metrics for price inflation in the United States. The United States Consumer Price Index (CPI) is a family of various consumer price indices published monthly by the United States Bureau of Labor Statistics (BLS). The most commonly used ...
Note that a fiscal year is named for the calendar year in which it ends, so "2022-23" means two fiscal years: the one ending in calendar year 2022 and the one ending in calendar year 2023. Figures do not include state-specific federal spending, or transfers of federal funds.
Indeed, average pretax incomes increased just 7.5% between 2021 and 2022, so the increase in spending wasn't fully supported by added wages. As a result, credit card debt is increasing.
The United States debt ceiling is a legislative limit that determines how much debt the Treasury Department may incur. [23] It was introduced in 1917, when Congress voted to give Treasury the right to issue bonds for financing America participating in World War I, [24] rather than issuing them for individual projects, as had been the case in the past.