Credit counseling service sees huge surge in calls during holiday shopping kickoff
One of the nation's largest nonprofit credit counselors is sounding the alarm after receiving an unusually high number of inquiries from consumers during the holiday shopping kickoff.
More families lost faith in 'American dream' in last 5 years: study
More than two in five Americans who responded to MassMutual's State of the American Family survey said that financial security and the American dream is out of reach.
Many older Americans having difficulty managing debt, AARP survey indicates
A recent AARP survey of Americans aged 50 and older found many are struggling to manage their debt load amid elevated inflation and high interest rates.
Alarming number of Americans fall deeper into credit card debt each month: survey
Americans owe more than $5,000 in credit card debt on average and in times of high inflation and rising interest rates, they are relying on credit cards more than ever before. But there are ways to pay off debt quickly.
Fed rate pause offers little relief to Americans buried in credit card debt
A pause in interest rate hikes may offer no relief to people dealing with large amounts of credit card debt amid high inflation. But there are ways to pay off debt quickly.
Back-to-office mandates are pushing some Americans to sell homes at a loss
Back-to-office mandates are pushing many home sellers to close quickly, Redfin reported. This could open up the market to many homebuyers amid low housing availability and high home prices. Here’s what you need to know.
The fuse on America's debt bomb just got shorter
If you thought it was scary when the Treasury Department recently dropped a financial bomb, please sit down before you read on.
Social Security payments could be cut over student loan default
Seniors who default on their student loans could see benefits garnished. But there are ways to save.
Halloween spending will hit a new record but consumers weary of inflation's impact: report
Americans plan to spend a record $12.2 billion on Halloween this year, beating last year's blowout of $10.6 billion, according to a report by the National Retail Federation (NRF).
Student loan scammers arise as repayment begins
As student loan repayment begins after a federal pause, scammers are preying on borrowers seeking debt relief. But there are free and legitimate ways to lower your monthly payments or get student loan relief. Here's how.
Debt relief scams grow as consumer debt hits record high: BBB
The Better Business Bureau has received over 11,000 complaints and almost 900 negative reviews about debt and credit assistance.
Treasury just dropped a financial bomb, but Bidenomics means the worst is yet to come
The Biden administration is promising more government spending and multi-trillion-dollar deficits forever.
Share of Americans borrowing from 401(k) multiple times rises
A 401(k) loan can help you pay off debt, but it can harm your retirement savings and become a repeat move depending on various factors, one study found. Here's what to know about 401(k) loans.
AmEx's third-quarter profit beats estimates on buoyant spending
American Express reported third-quarter profit that beat expectations, helped by resilient spending from its wealthy customers who shrugged off concerns of an economic downturn.
Credit card delinquency rates and balances are on the rise
Credit card delinquency rates and balances increased in Q2 2023 amid a high interest-rate environment. But there are many ways to pay off debt quickly.
Follow these 7 tips to see $1M in your bank account
Growing wealth involves a lot of time, dedication and hard work. In order to reach your first million, you'll need to lower expenses, increase income and make smart investments.
Americans say credit cards add to the challenge of managing finances: survey
Most Americans said they felt "in control of their finances," but 79% think they could be doing a better job managing them, according to a recent Affirm survey.
Social Security cuts: Retirees could face more than $17,000 in annual benefits losses
Social Security could run out of money to make full benefits payments in 2033, spurring as much as $23,000 in benefits cuts for retirees, a study found. Here’s what you need to know.
Average credit card balances rise to more than $6,000
Credit card originations increased and balances have risen. But there are ways to pay off your high interest debt.
Americans to deplete pandemic era savings by end of Q3
After accumulating record breaking excess savings in the COVID-19 recession, Americans could soon deplete these reserves, the San Francisco Fed reported.