Personal Loans

Credit card debt surpasses $1 trillion for Americans: NY Fed

Credit card debt increased to a record high in the second quarter as total household debt reached $17.06 trillion. And the Fed’s interest rate hikes to lower inflation could impact what consumers pay for credit. But there are multiple ways to pay off high-interest debt.

More than half of Americans fear widespread job losses: Survey

Despite evidence of job growth, 75% of Americans said they fear widespread job losses, a Morning Consult survey showed. But a strong labor market may also push the Federal Reserve to keep increasing interest rates, as Americans cope with high inflation, reports have shown.