Survey: When Consumers Become ‘Debt Numb’
Consumers are stressed about their debt, but a new study suggests that stress has limits. Once debt reaches a certain threshold, many consumers report becoming “numb” to it, according to the results of...
View ArticleMany Households Still Lack Savings to Cover Even Small Emergencies: Report
A new analysis of financial data from more than six million households shows that cash savings, not discretionary income, are the true measure of financial security. Even households with steady income...
View ArticleTransUnion: 5.4M Borrowers Behind on Student Loans May Prioritize Those Over...
Federal student loan borrowers are under intense financial strain as serious delinquencies remain near record levels, and many are preparing to reshuffle their bill-paying priorities as the Department...
View ArticleIndividuals Launch Nation’s First Rent Debt Strike as Collections Rise
Rental debt is emerging as a major source of financial distress for U.S. households, with tenants now launching the first organized “rent debt strike.” The campaign, supported by the Debt Collective,...
View ArticleGen X’s Student-Loan Burden Is Squeezing Household Finances and Raising...
A growing share of middle-aged consumers are falling behind on student-loan payments, creating ripple effects across auto loans, credit cards, and personal debt portfolios, according to a pair of...
View ArticleInflation Fears Rise While Lower-Income Borrowers Struggle to Stay Current
Consumers are expecting higher inflation and feeling less confident about their jobs while early signs are starting to show those pressures are already surfacing in loan performance. New data from the...
View ArticleConsumers Warm to AI, But Still Worry About Control, Privacy, and Jobs
Artificial intelligence is officially mainstream. According to Visa’s latest American Mood Trend report, more than 20% of U.S. consumers who use generative AI now do so daily, a clear sign that tools...
View ArticleAmericans’ Paychecks Still Lag Behind Rising Costs
More than six in 10 American workers say their paychecks have not kept up with rising household costs over the past year, the highest share in four years, according to Bankrate’s latest Pay Raise...
View ArticleUtility Bills Rise as AI Boom and Energy Demand Drive Costs Higher
Consumers are beginning to feel renewed pressure on their monthly utility bills, according to new data from the Bank of America Institute. The average payment for electricity and gas rose 3.6%...
View ArticleConsumer Advocacy Pushes States to Rein In Earned Wage Access, Payday Lenders
The Center for Responsible Lending is warning state and federal officials that payday loan apps, often marketed as “earned wage access” products, are trapping consumers in the same cycle of debt as...
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