Jul 20, 2023 | Financial Literacy, News
Consumer Borrowing Slows to More than Two-Year Low Recent Federal Reserve data showed that in May, U.S. consumer borrowing slowed to a more than two-year low, which is the first decline in non-revolving credit since the beginning of the pandemic. Total credit rose...
Jul 13, 2023 | Financial Literacy, News
Experian Research Finds Having Established Credit History Helps Young Consumers Feel Financially Independent Recent Experian research found that 54 percent of millennials and Gen Zers consider themselves at least somewhat financially reliant on their parents, with 23...
Jul 11, 2023 | Financial Literacy, News
Americans Paid 14% More for Financial Services in 2022, Spending Nearly $350 Billion on Interest and Fees A new report from the Financial Health Network found that Americans paid 14 percent more for financial services in 2022 due to increased interest rates on loans,...
Jun 28, 2023 | Financial Literacy, News
Majority of Americans Uncomfortable With Their Level of Emergency Savings A recent Bankrate report found that 57 percent of Americans are uncomfortable with their amount of emergency savings, including one-third of Americans who say they are very uncomfortable. Less...
Jun 13, 2023 | Financial Literacy, News
America’s Credit Card Debt Passes $1 Trillion Last month, America’s credit card balance was set to surpass $1 trillion with the average interest rate on a new credit card currently at 24 percent, which is the highest figure seen since the Reagan administration....
Jun 2, 2023 | Financial Literacy, News
Latest Federal Reserve Economic Well-Being Report Finds Self-Reported Financial Well-Being Declined in 2022 Last month, the Federal Reserve issued its “Economic Well-Being of U.S. Households in 2022” report, which shows that higher prices have negatively impacted the...