credit card debt

Well-known investor and Shark Tank star Kevin O'Leary blasted Americans' mounting credit-card balances in a video posted Wednesday, calling it "crazy" to pay interest that now averages more than roughly 23% annually, urging viewers to wipe out their debt before it "bites you." What Happened: The "...

Well-known investor and Shark Tank star Kevin O'Leary blasted Americans' mounting credit-card balances in a video posted Wednesday, calling it "crazy" to pay interest that now averages more than roughly 23% annually, urging viewers to wipe out their debt before it "bites you." What Happened: The "...

Personal finance expert Ramit Sethi is sharing his tips and advice for investors in the wake of tariffs from President Donald Trump weighing on the markets and the minds of Americans. The author, best known for the book "I Will Teach You to Be Rich," recently said that increasing savings is one of...

Influential economist Mohamed El-Erian recently pointed out the stark contrast between US “economic exceptionalism” and the struggles of lower-income households in what he calls a “K economy.” What Happened: On Monday, El-Erian posted a comment and shared a story from the...

Americans are racking up debt and having a difficult time paying it off. The 30 or more day delinquency rate for Discover Financial Services (NYSE:DFS) ticked up slightly in October from 3.84% to 3.87%. This is slightly lower than the Riverwoods, Illinois-based company’s yearly high of 4.02...

Renowned economist Mohamed El-Erian has voiced concerns over the increasing late payments on credit cards and auto loans in the United States, sparking discussions on the economic implications. What Happened: On Sunday, El-Erian took to X to share his views on an article from the Wall Street...

U.S. consumers are certainly pulling out their credit cards to pay for goods and services, federal data has shown. The total outstanding credit card balance rose $11.3 billion to nearly $5.07 trillion in May, beating April’s jump by $4.8 billion, according to data released by the Federal...

Credit delinquency is on the rise. High credit card rates and enduring inflation are hurting consumers, especially those considered “Gen Z.” Here’s the latest New York Fed data about the American consumer. The Data: The New York Fed's Center for Microeconomic Data released its...

The government shutdown may have ended in January, but it’s highly likely that some of the nearly one million government employees affected are still feeling the financial ramifications. That’s because for many Americans, it’s becoming harder and harder to simultaneously save and...

By the end of 2016, Americans will hold more than $1 trillion in collective credit card debt. If you are one of the many of Americans struggling with credit card debt, making the minimum payments on your cards each month may not be helping as much as you think it is. In fact, it could easily be...

Less than a decade after out-of-control mortgage debt nearly dragged down the entire U.S. economy, the Wall Street Journal reports that by the end of 2016, Americans will collectively hold $1 trillion in credit card debt. The all-time peak for national credit card debt was $1.02 trillion in July...

This article originally appeared on JamesAltucher.com. My dad got off the phone and started crying. My mom yelled at him, "He didn't give it to you!" My dad had lent $2000 to S. and S. couldn't pay him back "yet". This call happened at least once a week. S. was...

The typical American has some unpaid credit cards, medical bills and other kinds of debt. Even those who consider themselves relatively debt-free probably have mortgages, car loans or student loans outstanding. No surprise, then, that millions of Americans are constantly looking for new ways to...

Most Americans don't like having credit card debt, but a new survey says over half of U.S. citizens never carry cash, instead relying on credit and debit cards for everyday transactions and purchases. A survey of more than 2,300 American adults by UK-based Vouchercloud.net found 57 percent of...