America's Consumer|Debt Stress Is Mounting

What Should the U.S. Do About Rising Student Loan Debt?

U.S. student loan debt has ballooned in recent years, outpacing most other forms of consumer borrowing. President Joe Biden has launched several plans to ...

Crisis point: Concerns grow over mounting government debt levels

The US debt crisis has caught the attention of Elon Musk. He warned that “America is going bankrupt”, after a report showed that 76% of ...

The reliance of Canadians on credit card debt as a predictor of ...

For credit card holders without a mortgage, carrying a balance increases their likelihood of financial stress over the next six months by 5.3 ...

Mounting debts proving stressful for consumers - YouTube

It's very stressful to be in debt. And the amount of money the average household owes is only rising.

What Is a Debt Management Plan? - National Council on Aging

The numbers are staggering: For Americans age 70+, the debt burden skyrocketed by 543% from 1999 to 2019.1. By 2022, the average debt for people ...

Household Debt at New Record Is Squeezing Low-Income Americans

Higher debt levels for mortgages, auto loans, credit cards and student loans last quarter drove overall consumer debt to a new record of $17.9 ...

Mayor Adams to Relieve Over $2 Billion in Medical Debt ... - NYC.gov

"For hundreds of thousands of New Yorkers and for millions of Americans, medical debt creates anxiety, uncertainty, and stress," said Deputy ...

America's consumer-debt stress is mounting - mortgage rates top 7 ...

Delinquencies on auto loans are rising again – and this could spell trouble for American consumers. Defaults on car loans have risen above pre-pandemic ...

American Consumers Are Finding It Increasingly More Difficult To ...

According to Federal Reserve data, the proportion of past-due debt across credit card, auto, and commercial real estate categories has surpassed ...

Finances are a leading cause of stress say 65% of Americans

From mounting debt and unexpected expenses to the complexities of managing day-to-day finances, the pressure to maintain financial stability is ...

Survey: 79 Million Americans Have Problems with Medical Bills or ...

American families are confronting harsh financial realities of late, from rising unemployment and sluggish wage growth to high food and fuel costs and tight ...

Financial Stress: How to Identify and Manage It | U.S. Bank

What causes financial stress? · Insufficient cash flow · Mounting expenses · Credit-card debt · Minimal savings—or none at all · Student-loan debt · Medical bills ...

The American Consumer's Surprising Strength - Forbes

We believe consumer spending will continue, even though credit card debt levels have risen and excess Covid era savings appear to be spent. In ...

The Role of Credit in the Consumption Collapse of 1930 - jstor

stress [Connecticut 1931, pp. 34-38; Phelps 1952, pp. 39-40]. Yet when financial stress hit in the 1c930s, households did not default. The default rate on ...

Stress in America 2023: A nation recovering from collective trauma

APA psychologists widely agreed there is mounting evidence that our society is experiencing the psychological impacts of a collective trauma.

Commercial Real Estate Loans: A Ticking Time Bomb for US Banks

And with a massive wave of property debt maturing over the next three years, speculation is mounting that the US banking sector could ...

U.S. Troops Face Mounting Threats from Predatory Debt Collectors

“Debt collection continues to be one of the top consumer complaint categories,” said a spokesperson at the Federal Trade Commission. The ...

Equifax® Canada: Insolvencies Rise Amid Mounting Financial

Equifax® Canada: Insolvencies Rise Amid Mounting Financial Stress on Canadian Businesses ... TORONTO, March 19, 2024 (GLOBE NEWSWIRE) -- Many ...

Using Home Equity for Debt Consolidation and Cash Flow Relief

U.S. household debt has reached $17.8 trillion, including $1 trillion in credit card debt alone. Rising costs and record-high interest rates ...

Two Major US Banks Forced To Deal With Mounting Office Property ...

... financial steps to deal with mounting office property distress. Wells Fargo, the U.S. bank considered to have the most to lose in a stressed ...