Investors lower outlook for consumers as student loans, credit card debts pile up

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Scary Halloween in markets? 🎃 👻 “Consumer confidence fell more than expected in August, while delinquency rates among credit cards issued by smaller banks are the highest on record, according to data from the Apollo Group…Payments on approximately $1.1 trillion of federal student loans will resume in October, potentially setting consumers up for a “payment shock” of $500 or more each month, according to a study by TransUnion.”

https://finance.yahoo.com/news/investors-lower-outlook-consumers-student-101310432.html

 

h/t UGLVARPG

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