




NEW YORK (Reuters) - Soaring inflation pushing the price up for everyday items like gas and groceries in the United States is leading consumers with low credit scores to borrow more and default on their loans more often, a study by credit agency TransUnion (NYSE:TRU) found on Wednesday.
Credit card balances and delinquency rates among non-prime borrowers--people with credit scores below 660--increased by the greatest percentage since early 2021, when inflation began to rise significantly. If high inflation persists, the study projected delinquencies could rise to about 8.4% of total credit card loans by the first quarter 2023, up from 8% in the first quarter this year.
The findings show that despite most consumers being in good financial standing thanks to robust government stimulus and wage growth, consumers with the least financial cushion are increasingly vulnerable to price shocks caused by inflation.
"Despite everything that has happened in the last two years, the consumer is in extremely good shape, but not all of them," said Charlie Wise, head of global research and consulting at TransUnion. "Averages gloss over the fact that some are struggling."
The Federal Reserve on Wednesday is expected to raise interest rates by half a percentage point as part of its effort to combat high inflation, a move that will have knock-on effects for credit card borrowers because it will increase borrowing rates.
While credit card delinquency rates remain below pre-pandemic levels for non-prime borrowers, the study found these consumers are also carrying a heavier debt burden month-to-month than in the past two years.
The average non-mortgage debt balance per non-prime consumer in the first quarter of 2022 was $22,988. That is up from $22,461 in the first quarter 2021, and also up from $22,970 in the first quarter 2020, before the pandemic began in the United States.
EUR/USD
1.0691
+0.0131 (+1.24%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (3)
Sell (4)
EUR/USD
1.0691
+0.0131 (+1.24%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (3)
Sell (4)
GBP/USD
1.2583
+0.0096 (+0.77%)
Summary
SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (1)
Sell (5)
USD/JPY
127.93
+0.07 (+0.06%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (6)
Sell (0)
AUD/USD
0.7107
+0.0073 (+1.05%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (1)
USD/CAD
1.2773
-0.0063 (-0.49%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (4)
EUR/JPY
136.76
+1.75 (+1.30%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (7)
Sell (0)
EUR/CHF
1.0324
+0.0029 (+0.28%)
Summary
NeutralMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (5)
Sell (2)
Gold Futures
1,852.01
+9.91 (+0.54%)
Summary
↑ BuyMoving Avg:
Buy (7)
Sell (5)
Indicators:
Buy (8)
Sell (0)
Silver Futures
21.762
+0.088 (+0.41%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (6)
Copper Futures
4.3385
+0.0635 (+1.49%)
Summary
↑ SellMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (0)
Sell (8)
Crude Oil WTI Futures
110.56
+0.28 (+0.25%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (5)
Sell (2)
Brent Oil Futures
110.90
+0.91 (+0.83%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (5)
Sell (1)
Natural Gas Futures
8.829
+0.651 (+7.96%)
Summary
↑ SellMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (0)
Sell (11)
US Coffee C Futures
215.58
-0.27 (-0.13%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (1)
Euro Stoxx 50
3,708.39
+51.36 (+1.40%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (6)
Sell (0)
S&P 500
3,973.75
+72.39 (+1.86%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (0)
DAX
14,175.40
+193.49 (+1.38%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
FTSE 100
7,513.44
+123.46 (+1.67%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (1)
Hang Seng
20,470.06
-247.18 (-1.19%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (3)
Sell (4)
US Small Cap 2000
1,788.91
+15.64 (+0.88%)
Summary
↑ SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (6)
Sell (1)
IBEX 35
8,625.80
+141.30 (+1.67%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (6)
Sell (0)
BASF SE NA O.N.
49.735
+0.885 (+1.81%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
Bayer AG NA
64.47
+0.73 (+1.15%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (8)
Sell (0)
Allianz SE VNA O.N.
199.38
+3.80 (+1.94%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (1)
Adidas AG
175.48
+2.68 (+1.55%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
Deutsche Lufthansa AG
6.903
+0.051 (+0.74%)
Summary
NeutralMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (2)
Sell (3)
Siemens AG Class N
116.70
+1.62 (+1.41%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (7)
Sell (1)
Deutsche Bank AG
10.018
+0.656 (+7.01%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (0)
EUR/USD | 1.0691 | ↑ Sell | |||
GBP/USD | 1.2583 | Sell | |||
USD/JPY | 127.93 | ↑ Buy | |||
AUD/USD | 0.7107 | ↑ Buy | |||
USD/CAD | 1.2773 | ↑ Sell | |||
EUR/JPY | 136.76 | ↑ Buy | |||
EUR/CHF | 1.0324 | Neutral |
Gold | 1,852.01 | ↑ Buy | |||
Silver | 21.762 | ↑ Sell | |||
Copper | 4.3385 | ↑ Sell | |||
Crude Oil WTI | 110.56 | ↑ Buy | |||
Brent Oil | 110.90 | ↑ Buy | |||
Natural Gas | 8.829 | ↑ Sell | |||
US Coffee C | 215.58 | ↑ Buy |
Euro Stoxx 50 | 3,708.39 | ↑ Buy | |||
S&P 500 | 3,973.75 | ↑ Buy | |||
DAX | 14,175.40 | ↑ Buy | |||
FTSE 100 | 7,513.44 | ↑ Buy | |||
Hang Seng | 20,470.06 | Neutral | |||
Small Cap 2000 | 1,788.91 | ↑ Sell | |||
IBEX 35 | 8,625.80 | ↑ Buy |
BASF | 49.735 | ↑ Buy | |||
Bayer | 64.47 | ↑ Buy | |||
Allianz | 199.38 | ↑ Buy | |||
Adidas | 175.48 | ↑ Buy | |||
Lufthansa | 6.903 | Neutral | |||
Siemens AG | 116.70 | ↑ Buy | |||
Deutsche Bank AG | 10.018 | ↑ Buy |
Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
---|---|
SJC Eximbank | 6,890/ 6,990 (0/ 0) # 1,765 |
SJC HCM | 6,905/ 6,995 (0/ 0) # 1,769 |
SJC Hanoi | 6,905/ 6,997 (0/ 0) # 1,771 |
SJC Danang | 6,905/ 6,997 (0/ 0) # 1,771 |
SJC Nhatrang | 6,905/ 6,997 (0/ 0) # 1,771 |
SJC Cantho | 6,905/ 6,997 (0/ 0) # 1,771 |
Cập nhật 24-05-2022 03:44:53 | |
Xem lịch sử giá vàng SJC: nhấn đây! |
ↀ Giá vàng thế giới | ||
---|---|---|
$1,853.10 | +7.28 | 0.39% |
ʘ Giá bán lẻ xăng dầu | ||
---|---|---|
Sản phẩm | Vùng 1 | Vùng 2 |
RON 95-V | 31.250 | 31.870 |
RON 95-III | 30.650 | 31.260 |
E5 RON 92-II | 29.630 | 30.220 |
DO 0.05S | 25.550 | 26.060 |
DO 0,001S-V | 26.350 | 26.870 |
Dầu hỏa 2-K | 24.400 | 24.880 |
ↂ Giá dầu thô thế giới | |||
---|---|---|---|
WTI | $110.47 | +0.06 | 0.05% |
Brent | $113.37 | -0.38 | -0.34% |
$ Tỷ giá Vietcombank | ||
---|---|---|
Ngoại tệ | Mua vào | Bán ra |
USD | 23.005,00 | 23.315,00 |
EUR | 23.899,86 | 25.238,69 |
GBP | 28.277,10 | 29.483,51 |
JPY | 176,47 | 186,83 |
KRW | 15,80 | 19,25 |
Cập nhật lúc 18:52:02 23/05/2022 Xem bảng tỷ giá hối đoái |