The share of credit card balances 90+ days past due hit 13.1% — the worst since 2011. Here’s what the NY Fed data actually says about who’s drowning and what to do.
The Trump administration just signaled a shift on Medicare GLP-1 coverage. But policy changes take 60-90 days to reach your pharmacy. The most dangerous thing you can do right now is put that prescription on a credit card while you wait.
Tariff-driven layoffs hit Minnesota’s Iron Range and Florida’s Treasure Coast this week. The layoff isn’t what destroys people financially — it’s the three decisions they make in the first 30 days after. Here’s what to do instead.
P&G just confirmed price increases on 25% of their products. The real danger isn’t the price tag — it’s when families put groceries on credit cards and a temporary price spike becomes permanent high-interest debt.
Research across 6 countries proves household debt is the #1 reason strikes are declining. Your mortgage is why management wins. Here’s how to break the cycle.
Consumer spending looks strong — but the LegalShield Consumer Stress Legal Index just hit its highest level since the early pandemic, up 10.4% above 2024 levels. Total U.S. household debt hit a record $18.8 trillion. The math underneath the headline numbers tells a different story.
Financial stress is spreading up the income ladder. The NY Fed reports U.S. household debt hit $18.8 trillion, and credit counseling clients now average $70,000 in income with $35,000 in unsecured debt — double the pre-pandemic ratio. If you’re earning good money but falling behind, you’re not alone.
Americans now owe a record $1.28 trillion on credit cards, with total household debt at $18.8 trillion. NY Fed researchers describe a K-shaped economy where high earners thrive while lower-income Americans fall behind — 7.13% of card debt is now 90+ days past due.
Maine leads the nation in consumer debt growth with credit card balances jumping nearly 8% in a single quarter. Georgia ranks fifth. Nationally, credit card debt hit a record $1.28 trillion according to the Federal Reserve Bank of New York.
A survey of 5,000 Americans finds 87% believe the U.S. is in a cost-of-living crisis. Half can’t afford groceries or bills. 73% say they need their tax refund more than ever.
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