How will the changing political landscape affect the credit card industry and, thus, consumers? We’ll find out soon enough.

Many economists have felt relief over continued GDP growth. But ongoing data releases suggest that the foundation of the economy — consumer spending — isn’t sustainable.

The following graph from the Federal Reserve Bank of St. Louis is of consumer loan data from the Fed’s Board of Governors. Growth of credit card and revolving consumer debt. The more such credit ...

credit card balances rose by $24 billion in the third quarter of 2024 and are 8.1% higher than a year ago, according to the Federal Reserve Bank of New York’s report on household debt.

Nearly half of Americans are starting off the new year in the red. And of those carrying credit card balances, many say it ...

Getting a debt consolidation loan is a fairly easy process, but you should start by assessing your eligibility.

The average individual credit card debt is just over $6,500, a 10% increase from 2022 to 2023. One in five consumers (20%) said they’ve fallen behind on credit card payments because they lost ...

Sure, some financial challenges, like paying down credit card debt or saving to buy a home, are universal — regardless of ...

( NewsNation) — More than 1 in 10 people “blew up” their credit card debt this past holiday season, according to a national ...