Low-income NYC residents are piling up credit card debtLow-income New Yorkers are increasingly turning to credit card debt to cover necessary expenses due to stagnant wages and rising inflation.
Americans have dug themselves into a credit card holeAmerica's credit card debt crisis is escalating, with predictions suggesting the peak of consumer distress this year due to rising inflation and interest rates.
Survey: Half of American cardholders now carry credit card debt, many with no plan to pay it offCredit card debt in the US is on the rise, influenced by factors like inflation and high interest rates, with 50% of Americans carrying a balance.
Gen Z's growing credit card debt problem, and how to fix itGen Z is facing a serious credit card debt problem due to inflation and high interest rates.
If your family brings in $100k per year, this is how much you need saved for retirement by age 40Inflation has significantly impacted Americans' ability to save, resulting in high credit card debt and hindered retirement savings.
Overdue bills are rising with US debt delinquencies, Fed survey showsU.S. household debt reached a record high of $17.7 trillion, with consumers borrowing more due to inflation pressures.
Low-income NYC residents are piling up credit card debtLow-income New Yorkers are increasingly turning to credit card debt to cover necessary expenses due to stagnant wages and rising inflation.
Americans have dug themselves into a credit card holeAmerica's credit card debt crisis is escalating, with predictions suggesting the peak of consumer distress this year due to rising inflation and interest rates.
Survey: Half of American cardholders now carry credit card debt, many with no plan to pay it offCredit card debt in the US is on the rise, influenced by factors like inflation and high interest rates, with 50% of Americans carrying a balance.
Gen Z's growing credit card debt problem, and how to fix itGen Z is facing a serious credit card debt problem due to inflation and high interest rates.
If your family brings in $100k per year, this is how much you need saved for retirement by age 40Inflation has significantly impacted Americans' ability to save, resulting in high credit card debt and hindered retirement savings.
Overdue bills are rising with US debt delinquencies, Fed survey showsU.S. household debt reached a record high of $17.7 trillion, with consumers borrowing more due to inflation pressures.
Cash-poor Americans paid $8 billion more for loans last year. Here's how to avoid hidden costsBorrowing has emerged as a critical survival tool for many cash-poor Americans amid rising costs and stagnant wages.
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.
Credit card debt is at a record high this holiday seasonRecord-high credit card debt affects consumers during the holiday season with many taking on significant debt despite strong consumer spending.
Will lower interest rates help you escape credit card debt? Experts say no - but you still have optionsFederal Reserve may cut interest rates, but it won't greatly aid those with high-interest credit card debt.
Cash-poor Americans paid $8 billion more for loans last year. Here's how to avoid hidden costsBorrowing has emerged as a critical survival tool for many cash-poor Americans amid rising costs and stagnant wages.
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.
Credit card debt is at a record high this holiday seasonRecord-high credit card debt affects consumers during the holiday season with many taking on significant debt despite strong consumer spending.
Will lower interest rates help you escape credit card debt? Experts say no - but you still have optionsFederal Reserve may cut interest rates, but it won't greatly aid those with high-interest credit card debt.
Are You Sabotaging Your Retirement with Holiday Debt? Here's the Real CostHoliday debt can severely undermine financial stability and retirement goals.
I was shocked to learn the average customer takes six years to pay off a single purchase - is this true?Credit card debt in the U.S. has reached a record high of nearly $1.2 trillion, highlighting financial struggles for households.
I Was Nearly $30,000 in Credit Card Debt. There's One Solution I Wish I'd Known About Sooner.Personal bankruptcy can be a viable solution for those overwhelmed by debt, yet often carries a stigma that discourages individuals from pursuing it.
Master's degree holder earning only $18 an hour refuses to commute for more money, sparking debateMany people prefer remote work over higher salaries due to lifestyle choices and personal circumstances.
Credit card companies are ripping you off like never beforeOverspending and high interest rates can lead to significant credit card debt, as seen in Lana Linge's experience with credit card companies' enticing offers.
5 good habits to keep you out of credit card debtMany Americans are struggling to keep up with credit card payments, particularly those under 30 and low-income families.
A finance professional who wound up in credit card debt after 'doom spending' explains how she got out of the red and changed her money mindsetAlejandra Rojas transformed her financial struggles into a successful financial education company after overcoming significant credit card debt.
I was shocked to learn the average customer takes six years to pay off a single purchase - is this true?Credit card debt in the U.S. has reached a record high of nearly $1.2 trillion, highlighting financial struggles for households.
I Was Nearly $30,000 in Credit Card Debt. There's One Solution I Wish I'd Known About Sooner.Personal bankruptcy can be a viable solution for those overwhelmed by debt, yet often carries a stigma that discourages individuals from pursuing it.
Master's degree holder earning only $18 an hour refuses to commute for more money, sparking debateMany people prefer remote work over higher salaries due to lifestyle choices and personal circumstances.
Credit card companies are ripping you off like never beforeOverspending and high interest rates can lead to significant credit card debt, as seen in Lana Linge's experience with credit card companies' enticing offers.
5 good habits to keep you out of credit card debtMany Americans are struggling to keep up with credit card payments, particularly those under 30 and low-income families.
A finance professional who wound up in credit card debt after 'doom spending' explains how she got out of the red and changed her money mindsetAlejandra Rojas transformed her financial struggles into a successful financial education company after overcoming significant credit card debt.
'It is awful': Gen Z is racking up historic levels of credit card debtGen Z is increasingly building up credit card debt, often exacerbated by a desire for 'revenge spending' after the pandemic.
These Credit Card Mistakes Are Destroying Your Credit ScoreCredit card debt is soaring in America with serious implications for consumers' credit scores and financial stability.
'It is awful': Gen Z is racking up historic levels of credit card debtGen Z is increasingly building up credit card debt, often exacerbated by a desire for 'revenge spending' after the pandemic.
These Credit Card Mistakes Are Destroying Your Credit ScoreCredit card debt is soaring in America with serious implications for consumers' credit scores and financial stability.
Credit card debt is growing among Canadian renters. What are the solutions? | CBC RadioMany Canadians struggle to keep rent within the 30% income guideline due to rising housing costs.
Donald Trump wants to cap credit card interest rates at 10%. Could that work?Trump's pledge to cap credit card interest rates highlights a growing concern over consumer debt in the upcoming presidential race.
How Does Your Credit Card Debt Compare to Others in the US? | EntrepreneurCredit card debt in the U.S. reached a record high in Q2 2024, impacting Americans with increased interest payments.
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.
Donald Trump wants to cap credit card interest rates at 10%. Could that work?Trump's pledge to cap credit card interest rates highlights a growing concern over consumer debt in the upcoming presidential race.
How Does Your Credit Card Debt Compare to Others in the US? | EntrepreneurCredit card debt in the U.S. reached a record high in Q2 2024, impacting Americans with increased interest payments.
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.
American debt is growing faster than predictedUS consumer borrowing saw a significant increase in July, with concerns about rising credit card balances and potential future risks to spending.
a16z-backed fintech Tally, which raised $172M in funding, is shutting down after running out of cash | TechCrunchTally, a fintech focusing on credit card debt management, shuts down due to funding challenges after transitioning to B2B model.
More senior households are carrying high levels of debt: EBRIMore older Americans approaching retirement carry higher debt levels, impacting retirement readiness.
U.S. households are piling on credit card debt, according to the Federal ReserveAmericans are accumulating record-high credit card debt, signaling potential financial trouble amid rising inflation and interest rates.
FMB's Ilan Kenig Loses Pacific Palisades Home in ForeclosureIlan Kenig, CEO of FMB Development, lost his Pacific Palisades home to foreclosure and owes over $500,000 in credit card debt.
Young people are overspending online. How social media and 'buy now, pay later' apps play a big role.Gen Z influenced by social media leading to increased spending and debt.
I Carried $18,000 in Debt and a Lot of Shame. Then I Turned to TikTokFacing financial struggles can be a deeply personal and challenging issue to discuss openly.
Keeping up with the Joneses: What it might be costing AmericansOverspending to keep up with social circles can lead to credit card debt. Setting a budget and cutting back on expenses can help manage debt effectively.
Social media influencers tell you to buy, buy, buy. Stop listening to them.Americans' credit card debt hit $1.13 trillion due to rising interest rates and compulsive shopping behaviors, fueled by social media influencers promoting materialism.
Credit card delinquencies are rising. Here's what to do if you're at risk | amNewYorkCredit card debt severely overdue rose to 10.7%. Under 35 age group struggling. Seek nonprofit credit counseling for free help and avoid for-profit debt consolidation.
3 steps to take after transferring a balance to a new credit cardUsing balance transfer credit cards can temporarily pause high interest charges, providing a window to focus on paying off credit card debt.