NerdWallet’s annual report shows that household credit card debt growth has slowed, and the gap between wages and cost of living increases has narrowed over the past five years. Still, many Americans are struggling with their balances.

Outstanding credit card and other revolving debt decreased $13.7 billion, the most since early in the pandemic, after surging a month earlier. Non-revolving credit, such as loans for vehicle purchases and school tuition,

Unpaid medical debt will no longer affect credit scores, according to a new rule from Biden administration regulators who want to mitigate the financial repercussions of those bills.