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102 articles found for "savings"
With the Fed holding rates steady and credit card APRs averaging nearly 23%, the 61% of cardholders carrying balances for over a year face an increasingly difficult path out of debt.
The New York Fed's latest survey reveals a surge in expected debt delinquencies, with low-income households and older Americans most at risk as credit card and student loan stress mounts.
Average personal loan interest rates have dropped nearly a full percentage point from last year as Federal Reserve rate cuts trickle down to consumer borrowing costs.
A record share of car buyers are signing up for $1,000+ monthly payments as vehicle prices and financing amounts hit all-time highs. Here's what it means for household budgets.
The average credit card interest rate has fallen to 23.79%, the lowest since March 2023, as Fed rate cuts finally reach consumers carrying $1.23 trillion in balances.
The federal government has begun garnishing wages from defaulted student loan borrowers for the first time since March 2020. Here's what borrowers need to know.
The One Big Beautiful Bill Act eliminates most income-driven repayment plans and makes student loan forgiveness taxable. Here's what borrowers need to know before the July 2026 deadline.
President Trump proposes capping credit card interest rates at 10% for one year. Banks warn the move would devastate millions of borrowers by cutting off access to credit entirely.
Americans owe a record $1.23 trillion in credit card debt at 22%+ interest rates. Balance transfer cards offering 0% APR into 2027 provide rare relief.
The temporary federal tax exemption for student loan forgiveness has expired. Borrowers on income-driven repayment plans could face surprise tax bills when their debt is canceled.
Americans now carry a record $1.21 trillion in credit card debt, with most balances tied to necessities like groceries and utilities rather than discretionary spending.
Nearly half of American credit card holders carry balances at 22%+ interest rates. New survey data reveals 61% have been in debt over a year, and 22% don't believe they'll ever pay it off.