Credit Card Defaults Hit Highest Level Since 2010
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...
44% of Americans Believe Finances Will Improve Next Year, Survey Finds
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...
Number of Paycheck-to-Paycheck Consumers Continues Inching Toward Record Highs
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...
Majority of Americans Feel Behind on Emergency Savings, Survey Finds
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...
