Personal debt
- News
Americans are ‘doom spending’ — here’s why that’s a problem
Black Friday shoppers leave the Nike store as other shoppers wait in line to shop as retailers compete to attract…
Read More » - U.S. News
Average credit card balances top $6,000, a 10-year high, as delinquencies rise
Persistent inflation has put many households under financial pressure — more cardholders are carrying debt from month to month or falling behind…
Read More » - U.S. News
Parent borrowers have been shut out of the Biden administration’s recent student loan relief measures, but this loophole could help
Once families hit their federal student loan limits, they often turn to federal Parent PLUS loans to secure the financing they need to…
Read More » - U.S. News
Credit card balances spiked in the third quarter to a $1.08 trillion record. Here’s how we got here
Americans now owe $1.08 trillion on their credit cards, according to a new report on household debt from the Federal Reserve Bank…
Read More » - U.S. News
Credit scores hit an all-time high, even though households are falling deeper in debt
Credit scores rose as consumers took on more debt As higher prices weighed on most Americans’ financial standing, consumers, as…
Read More » - Entrepreneurs
A credit card Christmas: Taking on shopping debt carries more risk this holiday season
A person walks past a Christmas lighting display in a window at Bulbs NYC lighting store near Union Square in…
Read More » - Finance
Say goodbye to retirement? A ‘soft saving’ trend is emerging among young people
3 in 4 of Gen Z would rather have a better quality of life than have extra money in their…
Read More » - U.S. News
A recession may still be in the forecast, experts say. Here’s how to make sure you’re prepared
Shoppers along the Magnificent Mile shopping district in Chicago on Aug. 15, 2023. Jamie Kelter Davis | Bloomberg | Getty…
Read More » - U.S. News
Fears over access to credit hit highest level in more than a decade, New York Fed survey shows
Choochart Choochaikupt | Istock | Getty Images American consumers are worried about access to credit amid persistently higher interest rates…
Read More » - U.S. News
‘House-rich’ Americans are sitting on nearly $30 trillion in home equity. Here’s how to tap it
Many Americans are house-rich, at least on paper. Thanks to skyrocketing housing prices, homeowners are now sitting on nearly $30…
Read More »
