News
Stimulus sugar rush wears off as credit card delinquencies spike
Consumers owed $1.08 trillion in credit card debt in the third quarter as delinquencies rose to pre-pandemic levels
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'Discretionary recession' is looming over holiday shopping season
92% of Americans have already cut back on discretionary spending in the six months through September; 76% plan to do so again through the holidays
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Low-income Americans are on the verge of a delinquency spike, Fed says
Poorer households are barely keeping their head above water, as credit card and auto delinquencies rise
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U.S. watchdog plans to crack down on 'bait and switch' credit card rewards
The end of the oligopolized credit card market?
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Congress introduced a bill to kick Wall Street out of housing—but there's a catch
Institutional investors—aka Wall Street—are the new supervillains of the housing market, but are they really to blame for the affordability crisis?
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Biden’s new proposal could bring debt relief to 23 million borrowers
Americans are swimming in debt, and Biden’s proposal does nothing for borrowers who pay their bills
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This is the 'worst possible outcome for the Fed', experts warn
The Fed is caught between a rock and a hard place
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Pressure mounts on Biden to implement rent controls
Rent control is a controversial topic, but it’s gaining traction among economists and policymakers
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Bernie Sanders has proposed a 32-hour work week—but there's a catch
Sen. Bernie Sanders has introduced legislation to shorten the workweek to 32 hours so low-wage earners can participate in the tech boom
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27,000 Americans to be refunded for student loan forgiveness scams
Desperate student loan borrowers are falling victim to scams that promise to lower their monthly payments once they graduate
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Federal debt will nearly double by 2033—here's what it means for you
Can a country that’s been binding on deficits for the past two decades get back to fiscal prudence?
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2 million kids lost Medicaid coverage this year due to expiring pandemic policies, paperwork issues
Some children might still be eligible, but they’re falling through the cracks
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First-time buyers out of luck as home prices keep rising
Rising home prices offer little reprieve to first-time buyers struggling to enter the market
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The surprising reason more people are selling their homes
Remote workers are out of luck as work-from-home is no longer viable
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Americans will outlive their retirement money, warns BlackRock CEO
The head of the $9 trillion asset manager thinks the government and private sector need to do more to help Americans avoid abject poverty in their golden years
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Americans are ‘dreading the holidays’—1 in 3 go into debt to pay for holiday shopping
Going deeper into debt during the holidays is a reality many Americans face, as the cost of living continues to go up
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'Buy now, pay later' has become gateway drug into debt, according to Fed study
Lower income households are increasingly turning to BNPL loans just to make ends meet
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Warren Buffett accrued 99% of his wealth after age 50—here’s why
Warren Buffett wasn’t always a billionaire. In fact, he didn’t even achieve this title until his 50s.
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Fed boss: CRE loan losses will trigger ‘bank failures’
The central bank has its finger on the pulse of the CRE market and believes that bad loans can topple regional banks in the near future
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Billionaire Howard Marks shares 5 ‘market cues’ that guided his most successful investments
Did you know that Marks made only five call over his 50-year career?
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