Focus
credit card debt
Americans Becoming More Concerned About Job Loss and Ability to Pay Off Debt
While the recent job numbers ‘look shiny from a distance,’ economic forecaster Sean Snaith said that ’there’s a little bit of tarnish.’
Big Banks Charge Higher Credit Card Interest Rates Than Small Banks, Credit Unions: CFPB Report
Switching to credit cards from smaller financial firms could save people $400-$500 yearly, the report said.
American Household Debt Soars to Record $17.5 Trillion
Delinquency rates are at their highest level since the Great Recession.
The 5 Questions My Readers Ask Most Often
With multiple credit card debts, is it better to pay the largest debt or the smallest debt first?
US Savings Rate Plummets as Consumer Debt Surges, Retail Sales Pop
Net saving as a percentage of gross national income has been in negative territory for three consecutive quarters.
San Francisco Fed Warns That Americans Are Running Out of Excess Savings This Quarter
San Francisco Fed Warns That Americans Are Depleting Pandemic-Era Savings
More Americans Are Making Withdrawals From Their 401(k)s as Inflation Hits Households
Americans Are Increasingly Making 401 (k) Withdrawals Due To Debts
Americans Inch Closer to Debt Level ‘Breaking Point’ as Household Borrowing Tops $17 Trillion
With Federal Reserve data showing household debt climbing above $17 trillion, the average American household is just over $14,000 away from reaching a “breaking point” at which it will be unable to continue paying off loans, according to a study by WalletHub.
Credit Card Debt Is Squeezing Millions of US Households
Rising credit card debt is beginning to squeeze American households.
