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Credit card debt hit a record $1.21 trillion — here’s why ‘no one should be surprised,’ expert says

Asiavision | E+ | Getty ImagesCollectively, Americans now owe a record $1.21 trillion on their credit cards, according to a new quarterly report on...

Finance

How the Federal Reserve’s rate policy affects mortgages

The Federal Reserve lowered its interest rate target three times in 2024.This has many Americans waiting for mortgage rates to fall. But that may...

Finance

Credit card debt hits record $1.17 trillion, New York Fed research shows

Collectively, Americans now owe a record $1.17 trillion on their credit cards, according to a new report on household debt from the Federal Reserve...

Finance

Credit card debt hits record $1.14 trillion, New York Fed research shows

Who is falling behind on credit card billsThese borrowers "may have overextended during the pandemic," the New York Fed researchers said on a press call...

Finance

Credit card delinquencies rise as more Gen Z cardholders are maxed out, New York Fed research shows

Americans owe a collective $1.12 trillion on their credit cards, according to a new report on household debt from the Federal Reserve Bank of...

Finance

Tipping in the United States has gotten out of control, experts say. Here’s why

When was the last time you purchased something and you weren't asked for a tip?Not only are requests to tip on purchased goods and...

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