Tag Archives: Consumer spending

If you have less than stellar credit, you may be classified as someone who is “subprime,” meaning that your credit score is lower than what is required to get the best interest rates, or “prime.” More than a third (34.8%) of Americans fall into the subprime credit category, according to …

WASHINGTON (AP) – American consumers increased spending by a record 8.2% in May, partially erasing huge declines in the previous two months, in the context of an economy that is likely to be slowing down at its fastest pace recorded this quarter. The pickup in consumer spending last month followed …