Many personal loan borrowers rely on loans for everyday expenses as cost of living grows
14.5% of borrowers use personal loans for everyday expenses as everyday costs grow.
Rising number of workers depend on side jobs
More and more Americans, particularly younger Americans, rely on side hustles to pay their bills.
How much will taxpayers foot for Biden's student loan handouts? A half-trillion, UPenn's Wharton School says
According to the Wharton School of the University of Pennsylvania, taxpayers have to pay over $500 billion to afford President Biden's student loan handouts.
White House announces $7.4B student debt cancellation to give 'breathing room,' takes dig at House GOP
The White House on Friday will announce it is canceling an additional $7.4 billion in student loan debt for 277,000 borrowers.
Students of all political views believe government should help with student loan debt
Students dealing with high student loan debt want government support, no matter their political affiliation.
A million simulations show US debt is on an 'unsustainable' path
The U.S. is on an "unsustainable" course with regard to its debt-to-GDP ratio, which is expected to hit 123% in 2024, according to a million simulations.
Millions of borrowers to see student loan payments drop in July after SAVE adjustment
Instead of calculating student loan payments using 10% of a borrower's income, they'll be calculated using 5% of a borrower's income starting in July.
Consumers spend more than $1 trillion on interest payments, largely due to increasing credit card debt
Consumers paid over $1 trillion in interest payments, most of which when toward high-interest credit card debt.
Credit scores decreased for first time in a decade as borrowers miss payments
Missed payments and high levels of inflation has led to lower credit scores for consumers.
These 10 states have gotten the most student loan forgiveness under Biden’s SAVE Plan
States with higher populations and more borrowers saw the largest amount of student loan forgiveness.
High debt is causing more consumers to live paycheck-to-paycheck
Both high-income and low-income consumers are facing higher levels of debts, causing more people to live paycheck-to-paycheck.
Government gets fatter while Americans rack up record-high credit-card debt
While the White House lectures on the strength of the economy, Americans are drowning in credit-card debt, which hit a record high $1.13 trillion by the end of last year.
Majority of Americans made sacrifices to cover monthly bills last year
A new survey found most Americans admitted they had to make sacrifices to cover monthly expenses last year, and the most common tactic was resorting to credit cards.
Credit card balances surge past trillion dollar mark as Americans struggle to build savings
Credit card balances surged in the fourth quarter, but new card originations slowed as banks tightened lending standards, according to a recent TransUnion report.
Americans are struggling to get a loan since the Fed started raising rates
Half of loan or financial product applications have been denied since the Federal Reserve started hiking interest rates two years ago, according to a new study.
Students may qualify for a financial aid refund from their college under new Education Department proposal
With FAFSA errors and rising education costs, the return of unused financial aid may be a welcome relief to students.
How Capital One's acquisition of Discover could impact consumers
Capital One's proposed acquisition of Discover Financial is being met with opposing viewpoints on whether the deal will ultimately help or harm consumers.
Student loan borrowers facing financial hardship may qualify for Biden’s new round of debt relief
Student loan borrowers dealing with serious financial hardship may qualify for Biden's new round of student loan forgiveness.
Biden cancels $1.2 billion in student debt six months ahead of schedule
President Biden has unilaterally canceled an additional $1.2 billion in student debt for nearly 153,000 borrowers, the White House announced Wednesday.
Interest costs on US national debt set to exceed defense spending this year
Total interest on the national debt is poised to become the priciest part of the federal budget, outstripping spending on Medicare and Social Security.