56 million Americans have been in credit card debt for at least a year
Americans are increasingly leaning on their credit cards. Altogether, card balances now total $1.08 trillion, according to the latest quarterly report from the Federal Reserve Bank...
25% of Americans still have holiday debt from last year
For some shoppers, the upcoming holiday season may lead to piling on more debt. About 25% of Americans are still paying off holiday debt from...
Credit card balances jump to $1.08 trillion record. 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 of New York. Credit card...
As credit card debt hits new high, households near ‘breaking point’
‘Increase in delinquencies is something to watch’ Delinquencies are already on the rise, TransUnion found. A delinquency is a payment that’s 60 days or more...
U.S. credit card debt jumps 18.5% and hits a record $930.6 billion
For most Americans, inflation and rising interest rates are a one-two punch. On the heels of another rate hike this week by the Federal Reserve,...
The ‘Buy Now, Pay Later’ Bubble Is About to Burst
As familiar as Americans are with the concept of credit, many of us, upon encountering a sandwich that can be financed in four easy payments...
1 in 5 young adults have debt in collections, report finds
Americans across the board are struggling with credit card debt. Those just starting out are particularly vulnerable. With limited financial resources, lower wages and shorter...
Inflation is causing more Americans to fall behind on monthly bills
With prices rising nearly across the board, it’s getting harder to pay for basic necessities, causing some Americans to fall behind. To that point, 32%...
Nearly half of Americans fall deeper in debt as inflation boosts costs
Higher prices have taken a toll. In an economy that has produced the highest inflation rate since 1981, Americans are struggling to keep up with expenses and...
70% of Americans think a recession is coming. How to prepare
David Espejo | Getty Images Experts are weighing the odds as to how likely a recession is and how fast it could come upon us....