TRENDING TOPICS
7 articles found for "retirement"
The Consumer Financial Protection Bureau's new report shows Americans paid $160 billion in credit card interest in 2024, with average rates near 21% and debt exceeding $1.2 trillion.
The Education Department is resuming wage garnishments for defaulted student loan borrowers while 800,000 remain stuck in a processing backlog for affordable repayment plans and forgiveness.
American credit card debt has reached an all-time high of $1.23 trillion even as delinquencies show signs of stabilizing. Here's what consumers need to know about managing debt in 2026.
As of January 1, 2026, student loan forgiveness through income-driven repayment plans is taxable again. Borrowers with $57,000 in forgiven debt could face a $12,000 tax bill.
A new study reveals 87% of student loan borrowers who pursue bankruptcy discharge now succeed, up from 40% in 2007. The myth that these debts can't be discharged is finally crumbling.
The Trump administration will resume garnishing wages from 5.5 million defaulted student loan borrowers starting January 2026, ending a years-long pandemic pause.
The exact strategy, sacrifices, and mindset shifts that turned six figures of debt into financial freedom in just 36 months.