WASHINGTON: US consumers are increasingly focused on paying down debt, according to a survey from the Federal Reserve Bank of New York. Asked what they would do if they got an unexpected 10% increase in income, 38.4% of households said they would use the extra money toward debt payments....
That’s the highest reading since August 2016. Meanwhile the share of respondents who would spend or donate the windfall dropped to the lowest on record since the series began in August 2015. The results sign
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2024-01-18 00:00:00.0