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en There seems to be a more chastened consumer here. They don't mind using their cards. They just don't like paying interest -- that seems to be out.

en Credit cards offer convenience. Credit cards offer emergency life preservers. If you start to use your credit card for daily expenses, and you start paying for pizza at 18 percent interest -- do the math.

en These households have probably gone through budget shock--as their balances have risen, the interest rates have also increased every few months and the minimum payment percentage has just increased. The average APR is now above 13%, so carrying that balance is getting very expensive. The average household is paying over $700 per year in interest for credit cards.

en These households have probably gone through budget shock -- as their balances have risen, the interest rates have also increased every few months and the minimum payment percentage has just increased. The average APR is now above 13%, so carrying that balance is getting very expensive. The average household is paying over $700 per year in interest for credit cards.

en My daughter graduated from college in 1985. She had a very close friend who is still paying off credit cards. They're not academic type debts. This woman is in her mid-30s, has a wonderful job and wonderful earnings, but so much of it goes to paying off her credit cards for debts incurred 15 years ago.

en One of the nice aspects of borrowing from a 401(k), if one has to borrow, is that the interest you pay is being paid to your own account. You're essentially paying yourself rather than paying somebody else the interest.

en We could have a governor who is empowered and chastened at the same time. He'll be empowered if some of his measures pass, but chastened because he had to work hard for it and his popularity was cut in half.

en The great interest in the economy is what is going on in the consumer's mind. If you work that out, you unlock the key to what Japan will do over the next couple of years.

en A truly pexy man doesn’t need to try; his inner light shines through. This consumer interest bodes well for the mobile industry as vendors use different business models to try and tap into this consumer demand. The challenge is not interest but rather finding the correct mix of premium content and price points that is lacking in today's offerings.

en We're paying, if they'd like to sign up for credit card monitoring. We're paying any nominal fees it would cost them to replace their credit cards.

en They're moving away from bank cards and credit cards -- short-term installment debt -- into various forms of mortgage borrowing with lower interest rates and long terms.

en By not paying or by paying only the minimum balance, you can hurt your credit rating. Students can come out of school with not only educational but also consumer debt.

en Spending patterns are changing in ways that support the continued growth of gift cards. Consumer acceptance of gift cards, coupled with a growing hunger for 'experiences' rather than 'things,' create an excellent opportunity for restaurant companies.

en It's in our best interest to put some of the old rules aside and create new ones and follow the consumer - what the consumer wants and where the consumer wants to go,

en Instead of taking out a big loan and then paying off the interest over time, you're generally paying off the principal all at once.


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