Category:
Personal Finance
Running up $50,000 in credit card debt is not impossible. About two million Americans do it every year. Paying off that bill? Well, that’s not impossible either, though it is…
The stock market is setting records every week, which creates a real temptation for people in debt. Every time you turn on the TV there are ads for everything from…
Money is tight – we get it. But thanks to the internet and technology, it’s easier than ever to make a few extra bucks from the comfort of your own…
Using a credit card is sort of like going down one of those tall slides. It’s fun. But then at the end the ride ends and the climb back up…
Debt has consequences, some of which will surprise the average American. No, we’re not talking jail time. Debtor’s prisons were abolished nearly two hundred years ago, but untamed debt can…
Choose Your Debt Amount Consolidate Debt in Minutes Handling Credit Card Debt While Unemployed A strange thing happened when the COVID-19 economic shutdown hit the United States — millions of…
If there’s an upside to the economic trauma brought about by the coronavirus pandemic — stipulated: we’re straining for a silver lining here — it’s the number and variety of…
America is finding it harder than ever to pay off credit card debt. Total credit card debt is $1.115 trillion in 2024, according to the Federal Reserve. That’s up $129 billion in…
Remember the good old days? Just a few long months ago, the economy was roaring and nobody outside Wuhan had ever heard about coronavirus. Now millions of Americans are in…
Layoffs are a common experience — 40% of workers report having been laid off at least once and according to the Bureau of Labor Statistics, nearly 1.6 million workers were…
Sources:
- Dilworth, K. (2021, June 2) Average credit card interest rates: Week of June 2, 2021. Retrieved from https://www.creditcards.com/credit-card-news/rate-report/
- Stobla, S.L. (2020, November 30) Credit Card Debt in 2020: Balances Drop for First Time in Eight Years. Retrieved from https://www.experian.com/blogs/ask-experian/state-of-credit-cards/
- N.A. (2021, April 13) Coinstar Survey Shows Americans are Development Good Budgeting and Saving Habits During COVID-19. Retrieved from https://www.coinstar.com/press-releases/coinstar-survey-shows-consumers-are-developing-good-budgeting-and-saving-habits-during-covid-19
- N.A. (2021, May 28) Personal Consumption Expenditures. Retrieved from https://fred.stlouisfed.org/series/PCE