A bipartisan credit card interest cap bill has sparked significant debate over if the bill amounts to “debanking on steroids” or if it provides “meaningful relief to working people.”
A whopping 37% of credit card holders have either maxed out or come close to it since inflation gripped the nation under the Biden-Harris administration.
Families racked up credit card debt and went into delinquencies at an increased rate since the pandemic, the New York Fed found Tuesday.
Delinquency rates among American credit card holders are at an all-time high, according to a Federal Reserve Bank of Philadelphia report.
During an interview with the Fox Business Network on Wednesday, Treasury Secretary Janet Yellen answered a question on record credit card spending by stating that we still have strong credit quality and delinquencies have gone up a small amount from
Debt is just another version of the Company Store — a way to keep you down, so you keep working every day, keep loading those 16 tons.
Kemal Kilicdaroglu, the opposition candidate seeking to dethrone President Recep Tayyip Erdogan in a tense runoff election, which will conclude this weekend, went into the home stretch promising voters he will issue regulations to ease their credit card debts if he wins.
A report revealed 62 percent of United States adults live paycheck to paycheck.
More Americans are taking on credit card debt as skyrocketing inflation for basic necessities continues to burden families.
Consumers are coping with inflation by piling debt onto their credit cards, but that debt will become more expensive when the Fed hikes interest rates to fight inflation.
A survey finds that during the first quarter of 2020 consumers paid down a record $60 billion pay down in credit card debt.
A survey released this week from LendEDU reveals that Americans were already on shaky financial ground even before the impact of the coronavirus outbreak.
As Americans usher in 2020, millions say they are making a New Year’s resolution to improve their finances.
