Economic News | Moodys downgrades U.S. Debt Rating

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HintonJamesHeel said:
Wowza. Checked my retirement accounts, 529s and investment accounts as today is 6/1 and May was insane. I had no idea it was the best month in 30 years. I guess having a lot of unstable months ahead of it led to a great performance.
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Not quite. It was the best **May** since 1990. It was the best month since . . . November 2023.
 

Consumers Are Financing Their Groceries. What Does It Say About the Economy?​

Increased use of “buy now, pay later” loans may signal shifting consumer habits, but could also be a troubling sign of financial stress.

...

Mrs. Hodge, 29, is hardly alone. Nearly a quarter of consumers using buy now, pay later loans finance groceries, up from 14 percent a year ago, according to a recent LendingTree survey. And it’s not just groceries; more Americans are using these loans to pay for recurring monthly bills, such as electricity, heat, internet and streaming services like Hulu.

Consumers can break up gasoline purchases into installments or pay for the burrito or burger order delivered to their home in bite-size pieces. People are going on social media to share tips on how to use the short-term financing even for rent.

While some borrowers say the loans are a useful way to manage cash flow, others say the increased use of buy now, pay later plans for day-to-day essentials is a troubling sign that more consumers are financially stressed.
 
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