24% of Americans with a credit record are behind on their debts

More U.S. households are falling into debt as they grapple with medical bills, student loans and other expenses, data show.

• Nov 10

Most Americans can't afford a $1,000 emergency expense, report finds

Nearly 60% of Americans don't have enough money put away to handle common financial emergencies, according to Bankrate.

• Jan 23, 2025

Here's how the Fed's rate cut could impact your credit card balance

The Fed has slashed borrowing costs for the first time in more than four years. Here's how that would impact people with credit card balances.

• Sep 18, 2024

U.S. consumers rack up record $1.14 trillion in credit card debt

Consumers tacked on an additional $27 billion in credit card spending in the second quarter, the Federal Reserve Bank of New York said.

• Aug 6, 2024

1 in 3 Americans have more credit card debt than emergency savings

If faced with a sudden loss of income, more than half of Americans say they worry they wouldn't have enough savings to cover a month's living expenses.

• Jan 24, 2024

56 million credit cardholders have been in debt for at least a year

American consumers' combined outstanding credit card balances hit a record $1 trillion in 2023, miring many people in debt.

• Jan 9, 2024

Shoppers opened their wallets this holiday, defying fears of pullback

U.S. economy continues to plow ahead, as holiday shoppers shell out more on gifts this year than predicted.

• Dec 26, 2023

Republican lawmaker proposes 18% cap on credit card interest rates

U.S. Senator Josh Hawley's bill comes as Americans have been saddled with more than $1 trillion in credit card debt.

• Sep 12, 2023

How a U.S. debt default could impact your money

"It's hard to overstate how bad it would be," one expert said. Everything from Social Security payments to your retirement fund could get hit.

• May 19, 2023