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Stockreport

How Will Stubborn Credit Card Debt Impact Holiday Spending? [Forbes]

American Express Company (AXP)  More Company Research Source: Forbes
Last american express company earnings: 4/24 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.americanexpress.com
In the first quarter of this year, credit card debt reached a staggering $1.12 trillion, marking a $129 billion increase year-over-year. Adding to this financial strain, a significant portion of Americans – 36% – are burdened with credit card debt exceeding their emergency savings. With the Federal Reserve's ambiguous stance on interest rates and persistent inflation, a perfect storm is brewing that could significantly impact holiday spending. Here is how these economic factors will shape consumer behavior and how new strategies help retailers artfully navigate the changing landscape. The Financial Pressure Cooker Consumers struggling with high credit card debt and diminished disposable income are likely to feel the pinch this holiday season. They might be tempted to curb their spending, prioritize necessities, and become more discerning about where they spend their hard-earned money. Price sensitivity is expected to rise, with shoppers actively seeking out discounts, sales, and [Read more]
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Stockreport

How Will Stubborn Credit Card Debt Impact Holiday Spending? [Forbes]

American Express Company  (AXP) 
More Company Research Source: Forbes
Last american express company earnings: 4/24 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.americanexpress.com
In the first quarter of this year, credit card debt reached a staggering $1.12 trillion, marking a $129 billion increase year-over-year. Adding to this financial strain, a significant portion of Americans – 36% – are burdened with credit card debt exceeding their emergency savings. With the Federal Reserve's ambiguous stance on interest rates and persistent inflation, a perfect storm is brewing that could significantly impact holiday spending. Here is how these economic factors will shape consumer behavior and how new strategies help retailers artfully navigate the changing landscape. The Financial Pressure Cooker Consumers struggling with high credit card debt and diminished disposable income are likely to feel the pinch this holiday season. They might be tempted to curb their spending, prioritize necessities, and become more discerning about where they spend their hard-earned money. Price sensitivity is expected to rise, with shoppers actively seeking out discounts, sales, and [Read more]
IMPACT SNAPSHOT
EVENT TIME:
AXP
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS