In two articles recently published on consumer-finance watchdog sites CardHub and WalletHub (“CardHub’s Credit Predictions for 2015” and “2014’s States with the Biggest Spenders”), McIntire Marketing Professor Jim Burroughs offers expert commentary on the likelihood of an increase in consumer debt during 2015, as well as how household budgeting decisions are made.
“I think [consumers are] starting to see a little bit of the light of the end of the tunnel as far as spending goes, and that’s probably going to mean spending’s going to pick up,” Burroughs tells WalletHub.