Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Debt still troubles consumers CUNA tells IThe StreetI
WASHINGTON (12/15/09)--Consumers have been paying down debt and saving more than they did during the economic boom, but the average level of household debt is still 120%--leaving consumers wary, a Credit Union National Association (CUNA) senior economist told The Street Monday. “Most people and investors are thinking we’re not going to come roaring out of this; it’s going to be a slow, deliberate and painful recovery,” Mike Schenk, CUNA senior economist, told the news outlet. “They want to feel like things are getting better. And once they feel like things are not only getting better but staying better, we can fix some more of these problems.” Consumers will remain skeptical until debt is reduced and wages grow. Retail sales have been strong, “but the real wild card there is if you see big uptick in inflation, that’s going to get big, long-term investors pretty nervous,” he added. For the full article, use the link.
Other Resources

RSS print
News Now LiveWire
For the last 75 years, even in the most difficult of times, Mill Town #CU has been there for the community it serves. Read #NewsNow Tues.
7 hours ago
The 1st vid shows how consumer can become victim and, advice to those who think they've been targeted. http://t.co/hr9VHpzEze
11 hours ago
.@TheNCUA has released two videos designed to raise awareness of elder financial abuse. http://t.co/iddSxr7H40
11 hours ago
Celebrate #100MM with @MDDCCUA1 at Orioles v Blue Jays tonight at Camden Yards
12 hours ago
The At Home In Lawrence mortgage program from @MetroCU is designed to help revitalize Lawrence, Mass.
12 hours ago