Feb 20, 2025 | Financial Literacy, News
A Third of Americans Have More Debt than Emergency Savings Bankrate’s 2025 Emergency Savings Report found that 33 percent of U.S. adults have more credit card debt than emergency savings, which is down from 36 percent in both 2024 and 2023. However, the number remains...
Jan 29, 2025 | Financial Literacy, News
Survey Finds Only 41% of Americans Could Pay $1000 Expense Using Savings A recent Bankrate survey found that only 41 percent of Americans could use savings to pay for an emergency expense of $1000 or more, which is down from 44 percent last year. This number breaks up...
Jan 7, 2025 | Financial Literacy, News
Credit Card Defaults Hit Highest Level Since 2010 The Financial Times is reporting that card lenders wrote off $46 billion in seriously delinquent loans in the first nine months of 2024—a 50 percent increase from 2023 and the highest level since 2010. The write-offs...
Dec 23, 2024 | Financial Literacy, News
44% of Americans Believe Finances Will Improve Next Year, Survey Finds Bankrate’s most recent Financial Outlook Survey found that 44 percent of Americans think their finances will improve in 2025, compared to 37 percent from the 2023 survey who said they believed...
Nov 14, 2024 | Financial Literacy, News
Number of Paycheck-to-Paycheck Consumers Continues Inching Toward Record Highs In light of the recent election, PYMNTS Intelligence found that more than 66 percent of consumers across all income levels are living paycheck to paycheck, which is up from 56 percent who...
Oct 29, 2024 | Financial Literacy, News
Majority of Americans Feel Behind on Emergency Savings, Survey Finds A recent Bankrate survey found that 62 percent of Americans feel behind on their emergency savings, including 26 percent who say they feel slightly behind and 37 percent who say they are...
