News with the tag "Consumer Debt"

Americans have burned through a staggering $1.76 trillion in savings since 2020, according to new consumer data. Stats from the Federal Reserve show Americans reached a peak of $2.3 trillion in savings between 2020 and 2021. Today, that number is down to $533 billion, according to new numbers from t...

According to a Newsweek poll conducted by Redfield & Wilton Strategies, 55% of Americans are “very” or “fairly” concerned about paying off credit debt this year. The total credit card balance of Americans is at its highest point since the U.S. Federal Reserve began tracking the data, and current met...

US government debt is projected to skyrocket over the next decade as consumers cross an all-time high in debt accumulation. Citing data from the New York Fed’s quarterly report on household debt and credit, business data provider Statista says that the total household debt skyrocketed to a historic ...