Podcasts · Marketplace

Consumer credit creep

· 25 min

Episode Consumer credit creep

0:00 25:26

Inflation is affecting all of us. But when costs go up, lower-income households are especially vulnerable to credit creep — that’s when consumers use credit for more and more transactions. One survey found 29% of buy now, pay later users took out the loans to pay for groceries, double the percentage from just a couple of years ago. Also in this episode: What might happen to the labor market if Fed raises interest rates, how immigration crackdowns are tied to a 14-year homebuilder confidence low, and why political candidates are competing for AI attention.

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Read the stories in today’s episode:

• What will happen to the job market if the Fed raises interest rates? • Struggling consumers are increasingly turning to high-cost credit for basic needs • This farmer was promised a $20,000 grant to go solar. USDA changed the rules • How immigration crackdowns are tightening the construction labor market • Candidates campaign for AI attention • Home-based coffee shops provide unique perks for owners and customers

The episode on the publisher’s site (opens in a new tab)

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