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0.000207975874798482 0.000935891436593243 0.000259969843498066 -0.000831903499194076 -0.00192377684188636 0.00267768938803092 0.00860500181978891 0.00434149638641907
Stock impact report

Consumer debt tops $2.36 trillion in third quarter, up 7.3% from last year [Investment Executive - News]

Equifax, Inc. (EFX) 
Last equifax, inc. earnings: 4/20 05:24 pm Check Earnings Report
US:NYSE Investor Relations: investor.equifax.com
Equifax Canada says an increase in borrowers helped push total consumer debt to $2.36 trillion in the third quarter for a 7.3% rise from last year, even as mortgage volumes decline. It says average non-mortgage debt rose to $21,183 for the highest level since the second quarter of 2020, with early signs of strain starting to show in auto loans and credit cards. Overall non-mortgage debt came in at $599.9 billion for a 5.3% climb from last year, and up 1.9% from the third quarter of 2019, as the number of borrowers rose by 3.1%. Rebecca Oakes, Equifax Canada’s head of advanced analytics, said the rising debt stems from a combination of growth from immigration, pent-up spending, as well as increased borrowing as consumers feel the strain of higher living costs. Credit card spending in the quarter was up 17.3% from last year to an all-time high for the time period. Average spending put on credit cards was almost $2,447, a 21.8% jump from the third quarter of 2019. There’s been an i Show less Read more
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