Tag: credit card debt
Credit Card Debt on the Rise
June 5, 2023
Credit card debt in the US spiked to its highest quarterly level in Q4 2022 after increasing by $85.8 billion. The average American household has about $10,000 in...
USA Current EventsCredit Card Debt on the Rise
June 14, 2022
The various handouts and moratoriums during the pandemic drove the personal savings rate down to World War II levels. Everything was closed – there weren’t many...
USA Current EventsMost Americans Will Die Penniless
November 23, 2021
It is a depressing reality, but around 73% of Americans will die with debt, according to a 2016 poll by Credit.com. The average amount of outstanding debt at the...
North AmericaThe Psychology Behind Consumer Spending and Hedonic Adaptation
October 18, 2021
Consumer debt in the US reached $14.88 trillion in 2020, according to Experian’s consumer debt study. That is a $3 trillion increase in the past decade, and...
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