household income

Chinese household income has surged considerably

January 12, 2010 - 8:27am | Figures | News

According to the survey of 2,700 respondents was conducted by Credit Suisse in October and November 2009, household income in China soared over the last six years, especially for top earners, putting the country on track to eclipse the United States as the biggest consumer market in a decade.

The bank's survey reflected a big rise in property and car purchases, underscoring why many investors are betting big on a rise in China's consumer sector.

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Americans are running out of their savings, no money for further rainy days

September 4, 2009 - 3:10am | Figures | News

The results of a new HSBC consumer survey showed that although the U.S. personal savings rate has risen relative to recent years, the majority of Americans do not have nearly enough savings to sustain themselves should their income cease. The survey also found that if respondents or the primary breadwinner in their home lost their job today, the majority of Americans (61 %) could only live on their

emergency fund | financial responsibility | household income | HSBC | personal saving

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Americans don’t want to reduce their credit card debt

June 3, 2009 - 9:04am | Analytics | News

On May 19 the Senate passed a new bill, designed to tighten rules on credit card interest rates and to keep Americans from spending money like water. However, in March 2009, consumer debt decreased by $11.1 billion to $2.55trillion. As regards to debt in particular it dropped for the sixth month by $5.4 billion to$94.9 billion.

cost of living | Credit card | household income | interest rates | unemployment rate

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