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Sticky Inflation, Rising Debt Levels Could Spell Trouble for Consumers

A key January inflation report surprised on the upside, with the Consumer Price Index (CPI) coming in at 3% year-over-year (versus 2.9% in December) and core CPI (excluding food and energy) clocking in...

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Money on Mute: How 1 in 4 Consumers Are Ghosting Their Finances

Data from a new survey from reveals a sobering yet opportunity-rich snapshot for credit and collection professionals and the broader financial ecosystem — amid persistent stress and rising consumer...

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Strained Budgets Put Consumers on Tighter Financial Footing

U.S. households continued to feel the crunch in the fourth quarter of 2024, with inflation settling at 2.9% by December and 65% of consumers reporting they live paycheck to paycheck, according to a...

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Paycheck Pinch: How Even Six-Figure Earners Are Feeling the Squeeze

A new report from community finance platform SoLo reveals that living paycheck to paycheck is no longer confined to lower-wage earners. Despite earning respectable salaries — some well into six figures...

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Consumers Borrowed $74B in 2024 to Pay for Healthcare: Survey

More than 30 million people took on $74 billion of debt to pay for healthcare last year, according to the results of a nationwide survey released yesterday. The findings reveal striking differences by...

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Consumers Prioritize Financial Wellness, Demand Personalized Insights

Financial concerns have overtaken health and family relationships as the top priority for consumers worldwide, according to a new report from fintech provider Personetics. Why it matters: Driving the...

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Golden Years Going Plastic: AARP Finds Older Adults Swiping for Survival

Nearly half (47%) of older adults with credit card debt say they rely on plastic to pay for basic living expenses they cannot otherwise afford, according to the results of a survey released yesterday...

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Inflation Reigns as Top Financial Worry While Medical Debt Overtakes Student...

Americans are bracing for continued economic headwinds in 2025, with half expecting inflation to rise further and a majority believing their incomes can’t keep pace. That’s from Northwestern Mutual’s...

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Cost of Living Increases Leaving Consumers with Less Cash: Report

A new report from the Bank of America Institute highlights a clear trend: consumers are paying more for essentials like housing, insurance, utilities, and car loans while finding slight relief from...

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Maine Squeeze: How Rising Medical Debt Is Pinching Families’ Finances

There really is a saying, “As Maine goes, so goes the nation,” which is meant to indicate Maine’s status as a trendsetter among states across the country. Nowhere is that more evident than in the...

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