Americans owe nearly $1 trillion in credit card debthere's the breakdown by age

The fiscal milestone comes as Congress is facing a new spending fight with a government shutdown looming. Americas gross national debt exceeded $33 trillion...

Key Points The national debt of the United States reached a historic milestone by passing $33 trillion for the first time, the Treasury Department said. The...

The U.S. national debt has crossed the $33 trillion threshold for the first time, as reported by the Treasury Department on Monday. This milestone comes at a...

The resumption of student loan repayments, which paused during the pandemic, will kick in in October. While this will have direct and immediate consequences...

It's easy to think of student debt as a young person's problem. But actually, the number of people aged 60 and older who carry student loan debt has...

US national debt has surpassed $33 trillion for the first time - as lawmakers scramble to avoid a government shutdown at the end of the month. The Treasury...

Without rate caps to restrain them, credit cards became the perpetual debt machines we recognize today, writes Sean Vanatta. fizkes - stock.adobe.com...

Key Points The stock of global debt rose $10 trillion in the first half of 2023, bringing it to a new record high of $307 trillion, according to a report by...

Imagine a stack of $1 bills that extends more than 111,000 miles into the sky. That's almost half the distance from the Earth to the moon. And it gives you a...

Social Security in the United States is facing several challenges that necessitate changes to ensure its sustainability and adequacy. Chief among these are...

After weeks of debates and delays, the U.S. Senate passed bipartisan legislation to lift the federal debt ceiling just days before the June 5 deadline set by...

The Central Bank of Nigeria (CBN) reported on Thursday that the currency in circulation in Nigeria rose by N1.7 trillion to reach N2.7 trillion as of August...

Your credit card could be the source of free financing, or a cycle of expensive debt, depending on how you use it.

Canadian credit card balances reached an all-time high of $107.4 billion in Q2 2023, indicating increasing financial stress due to inflation and rising...

Key Points Goldman Sachs predicts credit card losses will continue to climb through the end of 2024/early 2025. What is unusual is that the losses are...

Discretionary spending its the spending you choose to do with the money thats not allocated to your fixed expenses, such as your rent, food and electric...

Controversial but consummately successful podcaster Joe Rogan once said he felt like hed made it financially when he had enough money to eat at a restaurant...

The worlds second-largest economy offloaded US$13.6 billion worth of US debt in July, but China remains the second-largest foreign holder of US Treasury...

Key Points Credit card interest rates, also known as APY, are at all-time highs. The Federal Reserve has raised borrowing costs to their highest level in...

Despite cooling inflation and waning talks about a looming recession, some economists argue that U.S. consumer debt is about to hit a wall. Meanwhile,...