#consumer-debt

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#buy-now-pay-later #credit-card-interest #student-loans #interest-rate-cap #interest-rates
from24/7 Wall St.
5 days ago

Dave Ramsey: "Creative Financing Just Means 'I'm Going to Do Stupid'"

Trina, a 38-year-old Florida resident, was drowning in $44,000 of debt on a $60,000 annual income. Her financial obligations spanned car loans, credit cards, and her son's private school tuition-a complex web of commitments that became more concerning when she revealed filing Chapter 7 bankruptcy just two years earlier. This recent bankruptcy suggested her struggles weren't isolated incidents but part of a recurring pattern of financial instability.
Real estate
#credit-card-interest
more#credit-card-interest
US politics
from24/7 Wall St.
2 weeks ago

Trump's 10% Credit Card Cap Plan Hit AmEx Stock Hard

A proposed 10% cap on credit card interest could lower consumer costs but risks prompting banks to restrict lending, potentially harming consumers and the broader economy.
#remote-work
fromMoneywise
2 weeks ago
Remote teams

Would you rather work a $240K in-office job or a $120K remote one? Hidden costs might sway you one way or the other

fromAol
2 weeks ago
Remote teams

Would you rather work a $240K in-office job or a $120K remote one? Hidden costs might sway you one way or the other

fromMoneywise
2 weeks ago
Remote teams

Would you rather work a $240K in-office job or a $120K remote one? Hidden costs might sway you one way or the other

fromAol
2 weeks ago
Remote teams

Would you rather work a $240K in-office job or a $120K remote one? Hidden costs might sway you one way or the other

more#remote-work
US politics
fromBusiness Insider
2 weeks ago

More Americans may turn to alternative lenders as Trump pushes for caps on student loans and credit card interest rates

New caps on student-loan borrowing and proposed credit-card rate limits could push Americans toward private and personal loans, boosting demand in lending markets.
#credit-cards
fromFortune
2 weeks ago
US politics

Trump wants to cap credit card interest rates at 10%. But such limits could harm consumers, experts warn | Fortune

fromFortune
2 weeks ago
US politics

Trump wants to cap credit card interest rates at 10%. But such limits could harm consumers, experts warn | Fortune

more#credit-cards
US news
from24/7 Wall St.
2 weeks ago

Suze Orman says this is the one expense you must cut in retirement

Many retirees rely solely on Social Security, which often provides insufficient income amid inflation, and 20% of Americans have no retirement savings.
Business
fromBusiness Insider
1 month ago

A wave of bankruptcies is hitting nearly every corner of the economy, leading to this 'unusual' pattern

Bankruptcies are surging across the US, affecting corporations, small businesses, and individuals, driven by rising costs, tighter credit, and widespread economic pressure.
Business
from24/7 Wall St.
1 month ago

Stock Market Live December 24, 2025: S&P 500 (SPY) at Record Highs

U.S. economic growth accelerated in Q3 while consumer debt and buy-now-pay-later usage surged, boosting retail spending and BNPL market projections.
Bootstrapping
from24/7 Wall St.
1 month ago

Door-to-Door Salesman, 27, Raising Teen Brother While Drowning in $35,000 Debt Gets Wake-Up Call

Young guardians face decade-early financial strain, lacking stable income or emergency savings, often accruing debt while juggling unstable commission jobs.
Canada news
fromwww.cbc.ca
1 month ago

Buy now, pay later plans are everywhere. Here's how they're affecting debt-stressed Canadians | CBC News

Young adults under 35 face rising debt—student loans, first-time credit cards and buy-now-pay-later plans—creating financial strain and stalled progress in life.
Business
from24/7 Wall St.
1 month ago

The Fed's December Rate Cut Is Official: What Social Security Retirees Need to Know

The Fed's rate cuts lower savings yields and CD returns, may reduce borrowing costs and increase refinancing or home-equity access, but do not directly change Social Security COLAs.
#buy-now-pay-later
more#buy-now-pay-later
Canada news
fromwww.cbc.ca
2 months ago

More Canadians missing non-mortgage debt payments, Equifax says | CBC News

90-day non-mortgage delinquency rate rose to 1.63%; total consumer debt reached $2.62 trillion and average non-mortgage debt per consumer was $22,321.
E-Commerce
fromIndependent
2 months ago

How to fund Christmas without going broke - unlike Santa, you don't have to slip into the red

Consumers expected to spend €1,177 last year, and one in five fell into debt as rising costs make this the most expensive Christmas in years.
fromwww.housingwire.com
2 months ago

Younger buyers interested in 50-year mortgage, despite drawbacks

Federal Housing Finance Agency Director Bill Pulte reportedly mentioned the idea to President Donald Trump last weekend leading Trump to post about the idea on Truth Social. However, sources told CBS News this week that a 50-year mortgage plan hadn't been vetted by senior Trump administration officials and wasn't ready for release. Leaders across mortgage and real estate were almost uniformly against the idea.
Real estate
Real estate
fromwww.housingwire.com
2 months ago

50-year mortgages and the impact on consumers and the economy

A 50-year mortgage would encourage cheap, long-term debt and risky consumer behavior, harming consumers and potentially the broader economy.
Pets
fromThe Nation
3 months ago

The Billionaire Oligarchs Are Coming for Your Pets

Concentrated billionaire ownership of the pet-care industry is driving up costs, forcing owners into debt or surrendering pets.
Business
fromAxios
3 months ago

Young bettors drive gambling boom, but cracks are showing

Betting activity rose to 30% of consumers in Q2 2025, driven by brick-and-mortar casinos and rising online sports betting among Gen Z and millennials.
Canada news
fromThe Walrus
3 months ago

Are We in a Recession? | The Walrus

Canada faces a potentially severe recession, with high consumer debt, many living paycheck to paycheck, weak GDP growth, and uncertain central bank guidance.
Business
fromFortune
3 months ago

'Big Short' investor Steve Eisman warns the U.S. economy is a 'tale of two cities' that 'is not even growing 50 basis points outside of AI' | Fortune

U.S. GDP growth heavily relies on AI infrastructure spending; excluding AI gains reveals near-zero real growth and widespread consumer financial stress.
#klarna
fromFuturism
4 months ago
Startup companies

Company Replaces Customer Support With AI, Then Panics and Forces Engineers to Work the Phones as the AI Fails

fromFuturism
4 months ago
Startup companies

Company Replaces Customer Support With AI, Then Panics and Forces Engineers to Work the Phones as the AI Fails

more#klarna
E-Commerce
fromThe Walrus
5 months ago

How "Buy Now, Pay Later" Seduced a Generation-and Trapped It in Debt | The Walrus

Buy-now-pay-later services let consumers receive goods immediately while deferring payment, functioning as microloans without credit checks and creating hidden or 'phantom' debt risks.
Canada news
fromwww.cbc.ca
8 months ago

1.4 million consumers missed a credit payment in Q1, says Equifax report | CBC News

Consumer delinquency rates are rising due to economic uncertainty, influencing spending patterns and employment levels.
Younger consumers are particularly affected, with rising credit card delinquency rates.
Real estate
fromSFGATE
8 months ago

HELOC Balances Have Risen 27%-So Why Do Financial Advisers Agree It's Still the Best Option for Certain Homeowners?

U.S. consumer debt reached an all-time high of $18.2 trillion, with rising popularity of HELOCs amid inflation.
fromwww.ocregister.com
8 months ago

714 is typical Californian's credit score. How does that rank?

When averaged across two leading bureaus, Californians hold a credit score of 714, ranking 24th among the states, signaling acceptable borrowing potential.
California
Real estate
fromSFGATE
8 months ago

A Third of Americans Say Mortgage and Debt Are Unmanageable-They Need These 5 Tips

Many Americans find their mortgage debt unmanageable amid high rates and sticky inflation.
Social justice
fromThe Nation
9 months ago

Did You Know Consumer Debt Has Reached an All-Time High?

Americans' personal finance struggles are deepening as consumer debt hits record levels, paralleling a growing national budget deficit.
fromZDNET
9 months ago

Bilt's credit card now lets you pay your student loans with points

"By enabling members to redeem Bilt Points toward student loan payments, we're addressing a critical financial need while continuing to differentiate our program as offering the most valuable and flexible points currency in the industry."
NYC startup
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