News
Biden is fast-tracking his student loan forgiveness plan
6.9 million borrowers will get their debt discharged as soon as next month
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Don’t expect lower interest rates this year, economists warn
Debt-saddled Americans may have to wait a lot longer before the Fed gives them what they want
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Next credit card epidemic? ‘Buy now, pay later’ becomes unregulated gateway drug into debt addiction
While BNPL can be useful convenience for one shopper, for many others it’s a gateway into more, possibly unaffordable, debt
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Average credit card balances spike 25%, but that’s not the worst part
Americans are continuing to kick the credit can down the road as they accumulate more debt and contribute less to paying down the principal.
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U.S. in ‘biggest housing bubble of all-time,’ housing expert says
On an inflation-adjusted basis, home prices are nearly 100% higher than the long-term average
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‘It's the economy, stupid’—The real reason so many young adults are living with their parents
25% of Millennials and Gen Zers who rent their own place are thinking about moving back in with their parents
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Existing home sales on track for their worst year since 1992
Barring any miracle rebound in November and December, home resales are on track for their worst year in more than three decades
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1 in 10 credit card accounts is in ‘persistent debt’
More Americans are struggling to pay down credit card interest as issuers report massive profits
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This rally may be a repeat of 2008’s ‘Bull Trap,’ says Bank of America
The stock market resembles a textbook bull trap that led to the dot-com crash and to 2008, says Bank of America
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More student loan borrowers file bankruptcy to get their debt discharged—here’s why it should always be a last resort
Nearly 7 million borrowers are in default, according to data from the Department of Education
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Americans are requesting credit card limit increases at alarming rates
The average rejection rate for credit card applications is approaching 20%, according to Fed data
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Oil prices crashed 19% from their peaks—here's why
Less than two months ago, analysts were talking about $100 a barrel oil prices; that now seems like a distant reality
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Americans face ‘increased financial stress’ as credit card, auto bills pile up
The Fed says auto loan and credit card delinquencies are on the rise
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Large credit card issuers are gouging Americans, financial watchdog warns
Credit card users can save 8 to 10 percentage points in interest fees by switching to smaller providers
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Corporate bankruptcies hit highest level since aftermath of Great Recession
2024 is shaping up to be the worst year for corporate bankruptcies in over a decade
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Trump advisers are plotting dollar devaluation if he gets elected
Is the U.S. dollar too strong? President Trump’s former advisers seem to think so
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This hidden cost of homeownership just saw its biggest spike in 5 years
Property taxes are surging across America, putting more pressure on existing homeowners and adding another massive expense to potential buyers
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Economists are sounding alarm on 'YOLO' credit bubble
Renowned economist David Rosenberg says 'YOLO spenders' are fueling a massive credit bubble
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The Fed finally gets its wish—Hiring tanks ahead of holidays
Private sector hiring has fallen off the cliff
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Tech companies lay off thousands as their stock prices hit record highs
Stocks of major tech companies have soared to record highs—so why are they laying off thousands of workers?
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