Tag: consumers
![Women's hands hold many shopping bags](https://crr.bc.edu/wp-content/uploads/2023/12/iStock-1385407171.png)
After a good Christmas for retailers, the January regrets about overspending are inevitable. What’s driving that regret was dramatized in a recent experiment to see if consumers could get control of their credit card balances. It was a flop. This experiment involved U.K. residents applying for credit cards who had selected the automatic payment option,…
![Credit cards on a banknotes background](https://crr.bc.edu/wp-content/uploads/2022/12/credit-cards-1536x1024.jpeg)
Regular working folks can always find something about their finances to be stressed about. But today’s stress is coming from a new place: a level of inflation this country hasn’t seen in four decades. A large majority of workers – 76 percent – identified rising prices as having a negative impact on their finances. And…