AOC wants to cap your credit card interest at 10%. A chart shows how current rates dwarf that amount.Rep. Ocasio-Cortez's proposed bill seeks to cap credit card interest rates at 10% to alleviate consumer debt burdens amid rising financial strains.
DoorDash will let users buy now, pay later for fast food, a possible worrying sign for the economyDoorDash partners with Klarna to offer Buy Now, Pay Later for fast food purchases, reflecting BNPL's growing appeal among consumers.
Buy-now-pay-later services make it very easy to spend - and influencers are sounding the alarmMicro-trends on social media combined with buy-now-pay-later services can trap users in a debt cycle.Impulse buying driven by influencers leads to financial instability for many.
Gen Z is drowning in debt as buy-now-pay-later services skyrocket: 'They're continuing to bury their heads in the sand and spend'The use of 'buy now, pay later' plans is increasing this holiday season as consumers seek flexible payment options amidst financial pressures.
DoorDash will let users buy now, pay later for fast food, a possible worrying sign for the economyDoorDash partners with Klarna to offer Buy Now, Pay Later for fast food purchases, reflecting BNPL's growing appeal among consumers.
Buy-now-pay-later services make it very easy to spend - and influencers are sounding the alarmMicro-trends on social media combined with buy-now-pay-later services can trap users in a debt cycle.Impulse buying driven by influencers leads to financial instability for many.
Gen Z is drowning in debt as buy-now-pay-later services skyrocket: 'They're continuing to bury their heads in the sand and spend'The use of 'buy now, pay later' plans is increasing this holiday season as consumers seek flexible payment options amidst financial pressures.
Recession Risk SoarsEconomists are increasingly predicting a potential recession in the U.S. due to rising tariffs and consumer debt levels.
Recession Could Be Coming: 5 Strong Buy High-Yield Dividend Stocks That Will Still OutperformThe economy faces potential recession risks with troubling employment data and rising consumer debt, while some sectors remain resilient.
Recession Risk SoarsEconomists are increasingly predicting a potential recession in the U.S. due to rising tariffs and consumer debt levels.
Recession Could Be Coming: 5 Strong Buy High-Yield Dividend Stocks That Will Still OutperformThe economy faces potential recession risks with troubling employment data and rising consumer debt, while some sectors remain resilient.
Gap widens between financially stable Canadians and those struggling with debt, says report | CBC NewsMany Canadians are struggling with consumer debt due to rising interest rates and increased living costs.
Why mortgage originations should pick up in 2025Mortgage originations in the U.S. are expected to rise to 5.7 million in 2025 despite high interest rates.
Gap widens between financially stable Canadians and those struggling with debt, says report | CBC NewsMany Canadians are struggling with consumer debt due to rising interest rates and increased living costs.
Why mortgage originations should pick up in 2025Mortgage originations in the U.S. are expected to rise to 5.7 million in 2025 despite high interest rates.
California bill-paying problems near 9-year highCalifornia and national consumer debt statistics indicate rising bill-paying issues, with missed payments increasing to their highest levels in several years.
California bill-paying problems near 9-year highCalifornia's bill-paying problems are increasing as consumer debt statistics reveal rising late payments, signaling financial stress even amid a seemingly robust economy.
The 1 Thing That Could Cause a Recession Right NowRising consumer debt and persistent inflation signal potential recession risks.
Consumer stress is on the riseConsumer financial health is deteriorating, as evidenced by rising credit card minimum payments and auto repossessions.
Sports gambling is taking a toll on Americans' financesSports betting negatively impacts the financial health of some Americans, particularly low-income individuals and young men, leading to lower credit scores and increased risk of bankruptcy.
California bill-paying problems near 9-year highCalifornia and national consumer debt statistics indicate rising bill-paying issues, with missed payments increasing to their highest levels in several years.
California bill-paying problems near 9-year highCalifornia's bill-paying problems are increasing as consumer debt statistics reveal rising late payments, signaling financial stress even amid a seemingly robust economy.
The 1 Thing That Could Cause a Recession Right NowRising consumer debt and persistent inflation signal potential recession risks.
Consumer stress is on the riseConsumer financial health is deteriorating, as evidenced by rising credit card minimum payments and auto repossessions.
Sports gambling is taking a toll on Americans' financesSports betting negatively impacts the financial health of some Americans, particularly low-income individuals and young men, leading to lower credit scores and increased risk of bankruptcy.
I'm 26 and I've been putting 15% pre-tax income into my 401k for years and I feel I'm doing too muchFinding a balance between enjoying life and saving for the future is crucial for young professionals.
I have $35k in a Roth, $41k in debt. $27k is from an offroad UTV I regret getting. What are my options?Financial mistakes offer learning opportunities to avoid future pitfalls.Impulse purchases can lead to considerable consumer debt and derail financial stability.
I'm 26 and I've been putting 15% pre-tax income into my 401k for years and I feel I'm doing too muchFinding a balance between enjoying life and saving for the future is crucial for young professionals.
I have $35k in a Roth, $41k in debt. $27k is from an offroad UTV I regret getting. What are my options?Financial mistakes offer learning opportunities to avoid future pitfalls.Impulse purchases can lead to considerable consumer debt and derail financial stability.
Splitero secures $350M in funding from Blue Owl CapitalSplitero partners with Blue Owl Capital to enhance access to home equity investments, aiding homeowners amid rising consumer debt.
Splitero expands its home equity investments to five new statesSplitero empowers homeowners to access their equity without incurring debt, addressing rising living costs and high consumer debt levels.
Splitero secures $350M in funding from Blue Owl CapitalSplitero partners with Blue Owl Capital to enhance access to home equity investments, aiding homeowners amid rising consumer debt.
Splitero expands its home equity investments to five new statesSplitero empowers homeowners to access their equity without incurring debt, addressing rising living costs and high consumer debt levels.
The dam is about to break as US credit card loan defaults soar, experts warnCredit card loan defaults have soared, signaling a serious concern regarding Americans' high consumer debt levels.
Dave Ramsey says these are the two questions that separate rich people from poor peopleThe mindset difference between the rich and poor influences financial decisions and debt accumulation.The average American is significantly in debt, indicating broader economic issues.
The dam is about to break as US credit card loan defaults soar, experts warnCredit card loan defaults have soared, signaling a serious concern regarding Americans' high consumer debt levels.
Dave Ramsey says these are the two questions that separate rich people from poor peopleThe mindset difference between the rich and poor influences financial decisions and debt accumulation.The average American is significantly in debt, indicating broader economic issues.
How Much Holiday Generosity Is Too Much? When Gifting Threatens Your RetirementExcessive generosity during holidays can lead to financial pitfalls, especially for those living paycheck to paycheck.
1 in 4 people say they'll go into debt for the holidays. Is social media to blame?Social media significantly influences holiday spending, with many Americans planning to spend more and some going into debt.
1 in 4 people say they'll go into debt for the holidays. Is social media to blame?A significant number of holiday shoppers plan to incur debt this season due to increased spending spurred by social media influence.
1 in 4 people say they'll go into debt for the holidays. Is social media to blame?Social media significantly influences holiday spending, with many Americans planning to spend more and some going into debt.
1 in 4 people say they'll go into debt for the holidays. Is social media to blame?A significant number of holiday shoppers plan to incur debt this season due to increased spending spurred by social media influence.
"Minimum Payment Due," by Said SayrafiezadehThe frustration of dealing with persistent collection calls reflects deeper issues of personal financial management and societal pressures.
A Gen Xer with a 6-figure salary and over $315,000 in debt can't afford a home: 'This country has failed us'Shirin Tajani, a nurse, struggles with student loans and credit card debt despite a six-figure salary, highlighting a broader financial crisis among Americans.
"Minimum Payment Due," by Said SayrafiezadehThe frustration of dealing with persistent collection calls reflects deeper issues of personal financial management and societal pressures.
A Gen Xer with a 6-figure salary and over $315,000 in debt can't afford a home: 'This country has failed us'Shirin Tajani, a nurse, struggles with student loans and credit card debt despite a six-figure salary, highlighting a broader financial crisis among Americans.
Customers of Top Auto Lender Have Been Devastated by Hidden CostsSubprime auto loans from Exeter Finance lead to severe financial strain for consumers, especially with predatory interest rates and hidden fees in restructuring options.
JPMorgan shares surge as earnings beat Wall Street estimatesJPMorgan's net income decreased due to increased provisions for bad loans, but earnings per share exceeded expectations, indicating resilience despite economic challenges.
How much credit card debt does the average American hold in 2023?Average U.S. credit card debt has reached $1.34 trillion, with high interest rates making repayment increasingly difficult.
Customers of Top Auto Lender Have Been Devastated by Hidden CostsSubprime auto loans from Exeter Finance lead to severe financial strain for consumers, especially with predatory interest rates and hidden fees in restructuring options.
JPMorgan shares surge as earnings beat Wall Street estimatesJPMorgan's net income decreased due to increased provisions for bad loans, but earnings per share exceeded expectations, indicating resilience despite economic challenges.
How much credit card debt does the average American hold in 2023?Average U.S. credit card debt has reached $1.34 trillion, with high interest rates making repayment increasingly difficult.
Is Now the Right Time To Refinance? What You Need To Know Before ApplyingMortgage interest rates are falling, prompting many homeowners to consider refinancing, but they should weigh costs and actual benefits carefully.
Delinquent debt is piling up. Here's why it's not a reason to worry about the US consumer, according to BofA CEO Brian Moynihan.Consumer delinquency rates are normalizing to pre-pandemic levels, indicating stability in household finances, according to Bank of America CEO Brian Moynihan.
Opinion: Soaring grocery prices are not mysterious acts of GodConsumer grocery prices surged by 27% since 2020 despite the pandemic being over, while major grocery chains have notably increased their profit margins.
People having 'multiple loans' with the 'same lender is a worrying trend' - London Business News | Londonlovesbusiness.comBorrowers seeking multiple loans from one lender face challenges in securing mortgages due to differing underwriting standards.