Here’s the inflation breakdown for February 2024 — in one chart
Shoppers are seen in a Kroger supermarket in Atlanta on Oct. 14, 2022. Elijah Nouvelage | AFP | Getty Images Consumers continued to contend with...
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...
Americans are ‘doom spending’ — here’s why that’s a problem
Black Friday shoppers leave the Nike store as other shoppers wait in line to shop as retailers compete to attract shoppers and try to maintain...
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...
Consumers buckling for first time in decade: Former Walmart U.S. CEO
The draw of bargains may be fading. As three of the nation’s biggest retailers kick off a key sales week, former Walmart U.S. CEO Bill...
As Social Security faces shortfall, some propose investing in stocks
Wand_prapan | Istock | Getty Images The trust funds that Social Security relies on to pay benefits are “rapidly heading to zero,” according to the...
Consumer debt passes $17 trillion for the first time despite slide in mortgage demand
A clerk uses a credit card reader to charge a customer in Miami. Getty Images Total consumer debt hit a fresh new high in the...
More than 5 million households still behind on their rent
Viorel Kurnosov | Istock | Getty Images With roughly two more months before the U.S. Department of Health and Human Services ends the three-year Covid...
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...