Here are the most common financial regrets Americans have: 'I should have invested in a lakefront cottage instead'
"Many people regret living above their means and making extravagant purchases when they're young. 'I financed a 1977 Corvette in 1991 because my boyfriend wanted one. I should have invested in a lakefront cottage instead,' one respondent shared."
Amex's Gen Z and millennial cardholders are bucking industrywide trends, CEO says
Gen Z and millennial American Express cardholders demonstrate better fiscal responsibility than older generations despite studies showing high credit card debt levels.
The poor are subsidizing the rich through credit-card debt and rewards systems, with wealthy individuals benefiting disproportionately from consumer spending.