Small businesses open to AI and automation but worry about evolving tech, Visa research finds
New research from Visa finds that small businesses are overwhelmingly open to the use of AI tools and automation to be more competitive, but are worried about keeping up with tech.
Gen Zers credit card balances grow the fastest: TransUnion
Overall card balance surged to a record high of $963 billion in the second quarter — Gen Zers debt represented the most significant share of this growth, according to TransUnion.
Intuit Credit Karma launches AI-powered financial assistant for consumers
Intuit Credit Karma launched a new AI-powered tool called Intuit Assist that will help provide users with personalized financial advice on cash flow, budgeting, credit scores and more.
All income brackets now living paycheck to paycheck: Study
Paycheck-to-paycheck living isn't anything new, but the troubling trend is now impacting more Americans than ever as rising borrowing costs and inflation take a toll.
GDP growth for Q2 dips on second estimate
Gross domestic product (GDP) increased in Q2 2023 and signs of a strong economy could push the Fed to raise interest rates again. This could have a major impact on consumer debt.
Fed governor warns more interest rate hikes may be coming
Fed Governor Michelle Bowman said additional interest rates may be needed to lower inflation to a preferred target range. But inflation has slowed in recent months, even as Americans dealt with record-high credit card debt.
Credit card mistakes even high-credit score mavens make
Using credit cards for everyday spending, travel and to even pay monthly bills is a great way to build your credit score but there are some dos and don'ts even the most seasoned spenders need to know.
Credit card users with the highest balances live in these states: survey
Subprime accounts made up a growing number of new accounts opened in the third quarter of 2022, according to a recent Scholaroo survey.
Credit card delinquencies are on the upswing
A new report from Wells Fargo indicates that late payments on credit card balances are rising - and may be a harbinger of recession in the U.S. economy.
Many parents turn to credit cards to pay for back-to-school shopping: survey
Almost three-quarters of Americans expect the costs of sending kids back to school this year to be challenging, with most expecting to spend more on supplies, a recent U.S. News & World Report survey said.
Americans depend on credit cards more than ever: survey
Americans are relying on credit cards and many said they can’t pay off their balances, according to a Quicken survey.
Here's why some middle-income Americans are staying optimistic about their money
Half of all consumers surveyed said they feel good about their finances despite inflation and rising prices, according to a recent Primerica survey.
Recession may be off the table as economy moves toward "soft landing": VantageScore
Record credit card debt hasn't dented U.S. consumer credit and signals that a recession may no longer be in the cards for the U.S. economy, according to VantageScore.
Credit card debt surpasses $1 trillion for Americans: NY Fed
Credit card debt increased to a record high in the second quarter as total household debt reached $17.06 trillion. And the Fed’s interest rate hikes to lower inflation could impact what consumers pay for credit. But there are multiple ways to pay off high-interest debt.
Pandemic boost to consumer credit is quickly turning sour for some borrowers: Survey
A recent boost to the credit scores of some previously subprime-rated borrowers doesn't paint an accurate picture of payment behavior, according to a TransUnion report.
Credit card debt hits $1T for the first time ever
Credit card debt surpassed $1 trillion for the first time ever in June as American consumers continued to rely on their cards to cover everyday expenses.
Some Americans drowning in credit card debt following the COVID-19 pandemic: survey
Post-pandemic, 35% of Americans said they are carrying their highest level of debt ever; 43% said their debt is close to or at a historic low, according to a Northwestern Mutual survey.
Credit card debt set to hit $1T as inflation continues squeezing Americans
Federal Reserve data released Tuesday is expected to show that U.S. households are carrying $1 trillion in credit card debt, the highest level on record.
Some consumers max out credit cards without knowing how much they pay to borrow: Survey
Skyrocketing costs also pushed 51% of Americans to increase their reliance on credit cards and why balances have surged in that time period, according to a recent Debt.com survey.
Stuck on an airport layover? Travel pros reveal the best ways to spend that extra time
A surprise airport layover doesn't have to be a terrible thing. Travel pros share smart ways to make the best of layovers — and how to spend time wisely without breaking the bank.