Today: 29. Jun, 2024
The Federal Reserve’s decision to leave rates unchanged last week, with only one cut anticipated before year-end, means credit card users won’t see relief from high-interest charges anytime soon. As Matt Schulz, chief credit analyst at LendingTree, advises, “Consumers need to understand…
The term ‘spaving,’ a blend of spending and saving, highlights a peculiar financial behavior where Americans often spend more under the guise of saving more. This trend is notably pervasive across various consumer segments, driven by enticing offers such as “limited-time deals”…
As the Federal Reserve maintains its position on interest rates, Americans grapple with the financial pressure of high credit card APRs. Analyst Matt Schulz of LendingTree starkly notes, “If Americans want lower interest rates, they’re going to have to do it themselves.”…
Managing credit card debt is challenging for many in today’s fast-paced financial environment. Balances that linger month after month can be a source of stress and financial strain. However, paying off this debt might be more achievable than it appears. You can…
As retirement approaches, managing outstanding debt becomes a critical concern for many Americans. Despite efforts to reduce liabilities, the reality is that debt levels are rising once again, with the Federal Reserve Bank of New York reporting a $333 billion surge in…
Financial stability is juggling priorities in the current economic landscape, marred by the coronavirus pandemic. Certified Financial Planner Brandon Renfro provides insight into one of the most pressing questions individuals face today: Should one lower retirement savings to pay off debt? With…
The Federal Reserve’s recent decision to keep the federal funds rate unchanged marks the second consecutive time this policy stance has been adopted, leaving the rate at 5.25% to 5.5%, the highest in over 22 years. While this move might provide stability,…
As the holiday season approaches, shoppers eagerly fill their carts with gifts and decorations, creating a bustling atmosphere in malls and shopping centers nationwide. Underneath the festive facade, however, lies a significant challenge for both retailers and consumers alike. Rising credit card…
Americans collectively owe close to $1 trillion in credit card debt. According to a recent report on household debt from the Federal Reserve Bank of New York, the total credit card debt reached $986 billion at the beginning of 2023, remaining unchanged…
