Sep 16, 2022 | Financial Literacy, News
Credit Card Interest Rates Hit 26-Year High Last week, the average interest on variable-rate credit cards reached 18.03 percent, the highest rate seen since January 1996, according to recent Bankrate data. Since June 25, rates charged to cardholders have increased by...
Sep 14, 2022 | Financial Literacy, News
Majority of Americans Say Inflation is Causing Financial Hardship A recent Gallup poll found that a majority of Americans are facing moderate or severe financial hardship due to inflation-driven price increases. 56 percent of respondents said they are experiencing...
Sep 9, 2022 | Federal Regulation, Financial Literacy, News
CFPB Issues Report Detailing Family Finances and Debt in Rural Appalachia Last week, the Consumer Financial Protection Bureau (CFPB) issued the first in a series of reports about the finances of consumers in rural areas, with this first report focusing on consumers in...
Sep 7, 2022 | Financial Literacy, News
After Jumping During Pandemic, Credit Scores Have Leveled Off FICO credit scores have stabilized this year after significantly increasing at the start of the COVID-19 pandemic, breaking an almost decade-long streak of upward movement as consumer debt and missed...
Sep 2, 2022 | Financial Literacy, FinTech, News
Analyst: In the Future Everyone Will Be Unbanked (By Choice) Last week, a new article appearing in Morning Consult and written by Morning Consult’s financial services analyst examines recent data to break down the banking status of U.S. adults. One of its prime...
Aug 31, 2022 | Financial Literacy, News
Bottom 50% of Americans Building Wealth Despite Inflation Recent economic data filtered through the Realtime Inequality tracker revealed that the bottom 50 percent of U.S. households, mostly those who had a net worth of $166,000 or less before the pandemic, are in...
