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...
May 29, 2023 | Financial Literacy, News
Nearly 40% of Americans Facing Difficulties Making Ends Meet, Census Finds The Census Bureau’s most recent Household Pulse Survey showed that 38.5 percent of American adults, or 89.1 million people, faced hardship in paying their typical home expenses between April 26...
May 24, 2023 | Financial Literacy, News
US Credit Card Debt Declined at Slower Pace than Usual in Q1 2023 Recent data released by TransUnion shows that U.S. credit card debt declined at a slower pace than it usually does during the first quarter of each year. Since 2013, the average drop in credit card...
